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How much money have you withdrawn from your TFSA this year?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  • If you withdraw money from your TFSA you do not lose the contribution room, however you can only recontribute the withdrawn amount after January 1st of the next calendar year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