TFSA contribution room calculator (2020)


When did you turn 18?



How much money have you contributed to your TFSA in total?

$

How much money have you withdrawn from your TFSA in 2020?

$



TFSA contribution room available in 2020:

$ 69500.00

TFSA contribution room available in 2021:

$ 75500.00
(Assumes an additional $6000 in contribution room available in 2021.)

How TFSA contribution room is calculated

  • Your TFSA contribution room increases every year after you turn 18
    • Your annual TFSA contribution room increase can be found here (currently it's $6000.00/year, indexed to inflation)
  • Your TFSA contribution room can be carried forward indefinitely
  • If you withdraw funds from your TFSA you will not lose the contribution room, however you can only recontribute the withdrawn amount after January 1st of the following calendar year
  • Overcontributing to your TFSA carries harsh penalties, however you will not be penalized if you overcontribute by less than $2,000

TFSA contribution room by year

YearAnnual contribution room increaseCumulative contribution room
2009$5,000$5,000
2010$5,000$10,000
2011$5,000$15,000
2012$5,000$20,000
2013$5,500$25,500
2014$5,500$31,000
2015$10,000$41,000
2016$5,500$46,500
2017$5,500$52,000
2018$5,500$57,500
2019$6,000$63,500
2020$6,000$69,500
2021Unconfirmed, likely $6,000Unconfirmed, likely $75,500
Scroll to Top