TFSA & RRSP contribution room calculator
2026 contribution limits · lifetime TFSA room · RRSP deduction limit · Canada
Calculate your contribution room
This calculator uses published CRA annual limits. For your exact contribution room, log in to My CRA Account at canada.ca. Over-contributions are subject to a 1% per month penalty tax. Consult a financial advisor for personalized advice.
TFSA & RRSP guide — 2026
TFSA annual limits — all years
Year(s)AnnualCumulative
2009–2012$5,000/yr$20,000
2013–2014$5,500/yr$31,000
2015$10,000$41,000
2016–2018$5,500/yr$57,500
2019–2022$6,000/yr$81,500
2023$6,500$88,000
2024–2026$7,000/yr$102,000
RRSP 2026 key numbers
Contribution rate18% of 2025 earned income
2026 dollar maximum$32,490
2026 RRSP deadlineMarch 2, 2027
Unused roomCarries forward indefinitely
TFSA vs RRSP — which is better?
Choose TFSA if you expect to be in the same or higher tax bracket in retirement, or need flexible access to savings without tax on withdrawal.
Choose RRSP if you are in a high tax bracket now and expect lower income in retirement — the deduction saves you tax today and you pay a lower rate on withdrawal later.
Many Canadians benefit from contributing to both.
Choose RRSP if you are in a high tax bracket now and expect lower income in retirement — the deduction saves you tax today and you pay a lower rate on withdrawal later.
Many Canadians benefit from contributing to both.
TFSA withdrawal rules
Withdrawals are completely tax-free at any time. The withdrawn amount is added back to your contribution room on January 1 of the following year. Re-contributing in the same calendar year without available room triggers a 1% per month penalty tax.