My CRA My Account shows a different number than this tool. Which is right?

CRA. Always. Their number incorporates information you may not have entered (past unused room, pension adjustments you don't remember, prior over-contributions). The tool is for "rough sanity check" purposes; CRA is the authority.

I withdrew $5,000 from my TFSA last week. Can I put it back today?

No — well, you can, but only out of new (unused) room. The withdrawn amount only becomes available again on January 1 of the year after the withdrawal. Putting it back this year using already-used room creates an over-contribution and triggers penalties.

What's the difference between "contribution room" and "deduction limit" for RRSP?

They're the same number, just CRA uses both names depending on context. Your "RRSP deduction limit" is what shows on your Notice of Assessment; that's the same as your contribution room.

Are the 2026 limits final?

Yes for TFSA ($7,000) and RRSP ($33,810). They're both indexed to inflation but were confirmed by CRA in late 2025. Future years' limits will be announced by CRA each November/December.

TFSA / RRSP Contribution Room

Estimate your TFSA or RRSP contribution room for 2026. Includes the withdrawal-room gotcha most Canadians get wrong.

Runs entirely in your browser. Nothing is sent to our servers.

Account type

Birth year

TFSA room begins accumulating the year you turn 18.

Year you became a Canadian resident (if after age 18)

Pre-residency years don't count toward TFSA room.

Total deposits over all years ($CAD)

Total withdrawals from previous years ($CAD)

Withdrawn amount is added back to next calendar year's room.

Estimated contribution room

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About this tool

Estimates your remaining contribution room for the year. The math is simple in principle but the rules are full of gotchas, especially around TFSA withdrawals. Use this as a sanity check — the authoritative number is in your CRA "My Account" or on your latest Notice of Assessment.

TFSA: the withdrawal trap

The most-misunderstood TFSA rule: when you withdraw from a TFSA, that withdrawn amount is added back to your contribution room — but not until January 1st of the next calendar year.

If you over-contribute trying to "replace" a withdrawal in the same year, the CRA charges a 1% per month penalty on the over-contribution. This trips up thousands of people every year.

Annual TFSA limits (Canadian residents who turned 18 in or before that year)

2009–2012: $5,000/year
2013–2014: $5,500/year
2015: $10,000 (one-year increase, then rolled back)
2016–2018: $5,500/year
2019–2022: $6,000/year
2023: $6,500
2024: $7,000
2025: $7,000
2026: $7,000

RRSP basics

Your RRSP room grows each year by 18% of last year's earned income (capped — for 2026, $33,810), minus your pension adjustment. Unused room carries forward indefinitely. You can also borrow against future room (over-contribute by up to $2,000 without penalty as a buffer).

Always verify

The numbers here are estimates. Your actual room may differ — for example, if you've ever held US-situs securities and had foreign withholding tax issues, if you've held a Quebec-only QPP-equivalent pension, or if you've moved into/out of Canada partway through a year. Check your CRA My Account for the authoritative figure.

Frequently asked questions

My CRA My Account shows a different number than this tool. Which is right?: CRA. Always. Their number incorporates information you may not have entered (past unused room, pension adjustments you don't remember, prior over-contributions). The tool is for "rough sanity check" purposes; CRA is the authority.
I withdrew $5,000 from my TFSA last week. Can I put it back today?: No — well, you can, but only out of new (unused) room. The withdrawn amount only becomes available again on January 1 of the year after the withdrawal. Putting it back this year using already-used room creates an over-contribution and triggers penalties.
What's the difference between "contribution room" and "deduction limit" for RRSP?: They're the same number, just CRA uses both names depending on context. Your "RRSP deduction limit" is what shows on your Notice of Assessment; that's the same as your contribution room.
Are the 2026 limits final?: Yes for TFSA ($7,000) and RRSP ($33,810). They're both indexed to inflation but were confirmed by CRA in late 2025. Future years' limits will be announced by CRA each November/December.

Last updated: May 17, 2026