TFSA Contribution Room Calculator 2019
How TFSA contribution room is calculated
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 $6000.00/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If you withdraw money from your TFSA you do not lose the contribution room, however you can only recontribute the withdrawn amount after January 1st of the next calendar year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
Note: this calculator is now updated for 2019! If you want to find your remaining room for 2018 use the calculator as normal and subtract $6000.00 from the room available in 2019.