TFSA Contribution Limit
See how much you can contribute to your TFSA.
What year were you born in?
How much have you contributed to your TFSA in total?
(maximum value $)
How much have you withdrawn from your TFSA in total before ?
How much have you withdrawn from your TFSA in ?
Results
|
1991
Input Error: Year of Birth
Enter a year between 1922 and 2022. |
| Year when you turned 18 |
2009
|
(maximum value $)
|
0
Input Error: TFSA Contribution
Enter an amount less than $ the current maximum lifetime contribution limit. |
|
0
Input Error: TFSA Contribution
Enter an amount less than $ the total you've contributed. |
|
0
Input Error: TFSA Contribution
Enter an amount less than $ the total you've contributed. |
| TFSA contribution limit this year () |
0
|
| TFSA contribution limit next year () |
0
|
TFSA Contribution Room
This Year ()
Next Year ()
The annual TFSA contribution limit for 2024 is $7,000.
Your contribution limit starts the year you turn 18 and TFSA's were introduced in 2009.
If you didn't contribute to a TFSA between 2009 and 2024 and you were at least 18 in 2009, your total contribution limit could be $95,000.
You can carry forward any unused contribution room from previous years.
If you contribute more than your total contribution room, the Canada Revenue Agency (CRA) will charge you a penalty of 1% per month on the excess amount.
Your contribution limit starts the year you turn 18 and TFSA's were introduced in 2009.
If you didn't contribute to a TFSA between 2009 and 2024 and you were at least 18 in 2009, your total contribution limit could be $95,000.
You can carry forward any unused contribution room from previous years.
If you contribute more than your total contribution room, the Canada Revenue Agency (CRA) will charge you a penalty of 1% per month on the excess amount.
| Year | Annual Limit |
Cumulative Limit |
| 2024 | $7,000 | $95,000 |
| 2023 | $6,500 | $88,000 |
| 2022 | $6,000 | $81,500 |
| 2021 | $6,000 | $75,500 |
| 2020 | $6,000 | $69,500 |
| 2019 | $6,000 | $63,500 |
| 2018 | $5,500 | $57,500 |
| 2017 | $5,500 | $52,000 |
| 2016 | $5,500 | $46,500 |
| 2015 | $10,000 | $41,000 |
| 2014 | $5,500 | $31,000 |
| 2013 | $5,500 | $25,500 |
| 2012 | $5,000 | $20,000 |
| 2011 | $5,000 | $15,000 |
| 2010 | $5,000 | $10,000 |
| 2009 * | $5,000 | $5,000 |
* TFSAs were introduced in 2009
Assumptions
The calculator assumes next year's annual TFSA contribution limit will be the same as this year's.
Disclaimer
The calculator assumes next year's annual TFSA contribution limit will be the same as this year's.
Disclaimer
