TFSA Contribution Calculator

Maximum TFSA Contribution Limits Calculator

Use the following TFSA Contribution Calculator to determine your maximum TFSA contribution.

About TFSA's

Annual contribution limit for 2025 is set at $7,000.

Tax in respect of over-contributions is one per cent 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.