The cumulative TFSA contribution room for a Canadian who was 18+ in 2009 is $95,000 as of 2025, including the $7,000 annual limit. Enter your details to see your personalised room and projected growth.
📋 Educational tool only. TFSA room is administered by CRA — verify your exact room on CRA My Account. Not financial advice.
Cumulative Room
$92,000
Since 2011
Available Room
$67,000
You can contribute this now
Current Balance
$25,000
27% of total room used
TFSA at Age 65
$893,301
100% tax-free
Taxable Account
$598,587
Same contributions at 30% tax
Tax Savings
$294,714
TFSA advantage over taxable
Tax-Free Growth
$637,301
Total Contributions
$231,000
Years to Goal
33
TFSA Room Used
27%
Age 35
$53,398
Age 40
$113,285
Age 45
$193,429
Age 50
$300,678
Age 55
$444,203
Age 60
$636,271
Age 65
$893,301
Felix connects your TFSA to your RRSP, FHSA, and overall retirement picture so you always know which account to contribute to next.
Plan Your TFSA Strategy with Felix — Free| Year | Annual Limit | Cumulative |
|---|---|---|
| 2009 | $5,000 | $5,000 |
| 2010 | $5,000 | $10,000 |
| 2011 | $5,000 | $15,000 |
| 2012 | $5,000 | $20,000 |
| 2013 | $5,500 | $25,500 |
| 2014 | $5,500 | $31,000 |
| 2015 ⭐ | $10,000 | $41,000 |
| 2016 | $5,500 | $46,500 |
| 2017 | $5,500 | $52,000 |
| 2018 | $5,500 | $57,500 |
| 2019 | $6,000 | $63,500 |
| 2020 | $6,000 | $69,500 |
| 2021 | $6,000 | $75,500 |
| 2022 | $6,000 | $81,500 |
| 2023 | $6,500 | $88,000 |
| 2024 | $7,000 | $95,000 |
| 2025 | $7,000 | $102,000 |
⭐ 2015: one-time increase to $10,000 under the Harper government, reverted to $5,500 in 2016. Source: Canada Revenue Agency.
Your cumulative TFSA contribution room accumulates from the year you turned 18 and were a Canadian resident. Room accumulates even if you never open a TFSA. If you were 18+ in 2009, your total room as of 2025 is $95,000. Withdrawals re-open room on January 1 of the following year — not immediately. This is the most common TFSA mistake: withdrawing and re-contributing in the same year, which creates an over-contribution.
A high-interest savings account inside a TFSA earns interest tax-free. A regular savings account outside a TFSA means you pay tax on every dollar of interest at your marginal rate. At a 30% marginal rate, a 4% savings account effectively earns 2.8% after tax. The same 4% inside a TFSA earns the full 4%. Over decades, this difference compounds dramatically. For long-term savings, consider investing your TFSA in index funds or ETFs for higher expected returns.
TFSA room stops accumulating when you become a non-resident of Canada. You can keep your existing TFSA open and the investments continue to grow tax-free, but you cannot contribute while non-resident. When you return to Canada, room starts accumulating again from the year you regain residency. You will NOT get room for the years you were non-resident.
If you were 18 or older and a Canadian resident in every year since 2009, your cumulative TFSA contribution room is $95,000 as of 2025. The 2025 annual limit is $7,000. Your actual available room equals your cumulative room minus net contributions (contributions minus withdrawals). Withdrawals made in a previous year re-open room on January 1 of the following year. Check your exact room on CRA My Account.
The CRA charges a 1% per month penalty on the highest excess TFSA amount in that month. For example, if you over-contribute by $5,000, the penalty is $50 per month until you withdraw the excess. There is no grace period. The penalty is calculated automatically and you will receive a notice from the CRA. Always verify your available room on CRA My Account before contributing.
No — all investment income earned inside a TFSA (interest, dividends, capital gains) is completely tax-free. This is the core advantage over a taxable account. Withdrawals are also completely tax-free and do not affect any government benefits (OAS, GIS, child benefits). This makes the TFSA the most flexible registered account in Canada.
Yes — you can withdraw from your TFSA at any time, for any reason, with no tax consequences. The withdrawn amount is added back to your contribution room on January 1 of the following year. Important: do NOT re-contribute in the same calendar year as a withdrawal unless you have room — this counts as a new contribution and may cause an over-contribution.
It depends on your marginal tax rate now vs in retirement. RRSP is better if your current income is high (above ~$100K) and you expect lower income in retirement — you get a large tax deduction now and pay less tax on withdrawals later. TFSA is better if your income is modest (below ~$50K) — the tax-free growth matters more than the deduction. For most Canadians, using both strategically is optimal: RRSP to reduce your tax bracket, then TFSA with the refund.
Felix coordinates all your registered accounts into one unified Canadian financial plan. Free download — no financial advice given.
Download Richify — FreeIf you were 18 or older and a Canadian resident in every year since 2009, your cumulative TFSA contribution room is $95,000 as of 2025. The 2025 annual limit is $7,000. Your actual available room equals your cumulative room minus net contributions (contributions minus withdrawals). Withdrawals made in a previous year re-open room on January 1 of the following year. Check your exact room on CRA My Account.
The CRA charges a 1% per month penalty on the highest excess TFSA amount in that month. For example, if you over-contribute by $5,000, the penalty is $50 per month until you withdraw the excess. There is no grace period. The penalty is calculated automatically and you will receive a notice from the CRA. Always verify your available room on CRA My Account before contributing.
No — all investment income earned inside a TFSA (interest, dividends, capital gains) is completely tax-free. This is the core advantage over a taxable account. Withdrawals are also completely tax-free and do not affect any government benefits (OAS, GIS, child benefits). This makes the TFSA the most flexible registered account in Canada.
Yes — you can withdraw from your TFSA at any time, for any reason, with no tax consequences. The withdrawn amount is added back to your contribution room on January 1 of the following year. Important: do NOT re-contribute in the same calendar year as a withdrawal unless you have room — this counts as a new contribution and may cause an over-contribution.
It depends on your marginal tax rate now vs in retirement. RRSP is better if your current income is high (above ~$100K) and you expect lower income in retirement — you get a large tax deduction now and pay less tax on withdrawals later. TFSA is better if your income is modest (below ~$50K) — the tax-free growth matters more than the deduction. For most Canadians, using both strategically is optimal: RRSP to reduce your tax bracket, then TFSA with the refund.