TFSA Contribution Room Calculator

In what year did you turn 18?

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


How much money have you withdrawn from your TFSA this year?


TFSA contribution room available this year:

TFSA contribution room next year:

Assumes additional $5500 TFSA contribution room 2019.

How TFSA contribution room is calculated

EQ Bank Savings Plus Account
  • Your TFSA contribution limit increases every year after you turn 18 and can be carried forward indefinitely

  • The yearly increase can be found here (currently it's $5,500/year, indexed to inflation)

  • If you withdraw money from your TFSA you do not lose the contribution room, however you can only recontribute the withdrawn amount after January 1st of the next calendar year

  • Overcontributing to your TFSA carries harsh penalties found here

  • This calculator only deals with withdrawals from the past year, if you have withdrawals from previous years you can recontribute this amount as well