TFSA Calculator

Calculate your Tax-Free Savings Account growth and compare with taxable accounts

Current Age

Current TFSA Balance (C$)

Annual Contribution (C$)

2026 annual limit: C$7,000/year

Expected Annual Return (%)

Investment Period (years)

2026 TFSA annual contribution limit: $7,000 (unchanged from 2024 and 2025)
Cumulative room since 2009 (if eligible every year): $109,000 as of 2026
Unused room carries forward indefinitely
Withdrawals restore contribution room on Jan 1 of the following year
Over-contribution penalty: 1% per month on excess amount (no $2,000 buffer)
Capital gains inclusion rate: 50% for individuals in 2026 — the proposed increase to 66.67% was cancelled by PM Carney on 21 March 2025
Non-registered comparison uses annual tax drag on income returns (interest/dividends) plus deferred capital gains tax at disposition — a more realistic model than applying all tax at the end