TFSA Contribution Calculator
Maximum TFSA Contribution Limits Calculator
Use the following TFSA Contribution Calculator to determine your maximum TFSA contribution.
About TFSAs
Annual contribution limit for 2026 is set at $7,000.
Tax in respect of over-contributions is 1% per month on the highest excess contribution at any time during the month
Withdrawals in a year will be added to contribution room in the following calendar year
Any income attributable to deliberate over-contributions will be taxed at 100 per cent. As well, the withdrawal of amounts in respect of deliberate over-contributions, prohibited investments, non-qualified investments, asset transfer transactions and income related to those amounts does not create additional TFSA contribution room
Source: Canada Revenue Agency
DISCLAIMER
This information and content are provided for your general guidance, based on information we believe to be accurate, but without a guarantee of accuracy or completeness. This calculator is not intended to constitute financial or tax advice.
