TFSA planner
A new TFSA is a long-term tool. This page shows how much room you have and what steady saving can add up to, so the plan starts from a number rather than a hunch.
Your TFSA room for 2026, from the CRA formula
$33,500
Your plan puts in $3,000 a year. That fits inside your room.
Check your real number in CRA My Account. Your bank's figure can lag, and this page only knows what you typed.
What $250 a month adds up to
After 20 years you would have put in $60,000. The rest is growth at a steady rate you choose to assume.
| Assumed return per year | Balance after 20 years | Growth on top of what you put in |
|---|---|---|
| 3% | $81,915 | $21,915 |
| 5% | $101,864 | $41,864 |
| 7% | $127,602 | $67,602 |
These rates are assumptions, not forecasts. Real markets rise and fall, and a path that averages 5% can end well above or below this table. Test an actual mix of funds on the Portfolio page, which runs Monte Carlo paths on its past prices, or replay it in the Lab.
Rules that matter, from the CRA
- Room builds from the year you turn 18. The yearly limit is $7,000 for 2024, 2025 and 2026, and unused room carries forward. CRA: before you contribute
- Putting in more than your room is taxed at 1% a month on the excess. Withdrawals return to your room on January 1 of the next year, not the same year.
- Income earned in a TFSA is not taxed, with exceptions. If a TFSA is found to carry on a business, the CRA can tax that income, and whether heavy trading is a business depends on the facts. CRA: qualified investments folio
- Tax withheld by another country on foreign dividends is not counted for the foreign tax credit when the income is earned in a TFSA, so it is generally a cost, not something you claim back. CRA: foreign tax credit folio
This is an educational calculator, not tax or investment advice, and it does not know your full situation. Limits are the CRA's published figures through 2026.