TFSA Calculator (2026): Contribution Room & Tax-Free Growth
Find your total TFSA contribution room for 2026 from your birth year, and see how monthly contributions grow tax-free, Canada’s SIP-style savings plan.
Updated for the 2026 tax year · Rates checked 14 October 2026
| TFSA value | $338,144 |
|---|---|
| In today’s money | $196,259 |
| Your contributions | $150,000 |
| Tax-free growth | $188,144 |
| Total room since 2009 | $109,000 |
| Room available now | $109,000 |
- Born in 1990, you’ve built up $109,000 of TFSA room (if you’ve lived in Canada since you turned 18).
- Your TFSA could reach $338,144, and every dollar of growth and withdrawals is tax-free.
- Withdrawals are added back to your room on January 1 of the following year. Over-contributing costs 1% a month on the excess.
Your result, explained
You have about $109,000 of TFSA room available. Saving regularly, your TFSA could reach $338,144, and all $188,144 of growth is yours tax-free, with withdrawals never taxed.
Hold growth investments such as broad ETFs in your TFSA for the long term, and keep track of withdrawals: they only create new room on January 1 of the following year.
Growth by year
| Year | Contributions | Growth | Value |
|---|---|---|---|
| 1 | $6,000 | $163 | $6,163 |
| 2 | $6,000 | $533 | $12,696 |
| 3 | $6,000 | $925 | $19,621 |
| 4 | $6,000 | $1,341 | $26,962 |
| 5 | $6,000 | $1,781 | $34,743 |
| 6 | $6,000 | $2,248 | $42,991 |
| 7 | $6,000 | $2,743 | $51,733 |
| 8 | $6,000 | $3,267 | $61,001 |
| 9 | $6,000 | $3,823 | $70,824 |
| 10 | $6,000 | $4,413 | $81,237 |
| 11 | $6,000 | $5,037 | $92,274 |
| 12 | $6,000 | $5,700 | $103,974 |
| 13 | $6,000 | $6,402 | $116,376 |
| 14 | $6,000 | $7,146 | $129,521 |
| 15 | $6,000 | $7,935 | $143,456 |
| 16 | $6,000 | $8,771 | $158,227 |
| 17 | $6,000 | $9,657 | $173,883 |
| 18 | $6,000 | $10,596 | $190,480 |
| 19 | $6,000 | $11,592 | $208,072 |
| 20 | $6,000 | $12,648 | $226,719 |
| 21 | $6,000 | $13,766 | $246,486 |
| 22 | $6,000 | $14,952 | $267,438 |
| 23 | $6,000 | $16,210 | $289,648 |
| 24 | $6,000 | $17,542 | $313,190 |
| 25 | $6,000 | $18,955 | $338,144 |
TFSA limits by year
Room accumulates every year from the year you turn 18 (or 2009, when TFSAs started): $5,000 a year for 2009–2012, $5,500 for 2013–2014, $10,000 in 2015, $5,500 for 2016–2018, $6,000 for 2019–2022, $6,500 in 2023 and $7,000 for 2024–2026. Someone eligible since 2009 who has never contributed has $109,000 of room in 2026.
How withdrawals work
Withdrawals are tax-free and are added back to your room on January 1 of the next year. Re-contributing in the same year can cause an over-contribution, taxed at 1% a month.
Frequently asked questions
Can I hold stocks and ETFs in a TFSA?
Yes. Despite the name it can hold savings, GICs, ETFs, mutual funds and stocks, and all growth is tax-free.
Do I need to be a resident?
Room only accumulates in years you are a Canadian resident aged 18 or over with a valid SIN.