🏦 TFSA Growth Calculator
TFSA Guide 2026
The Tax-Free Savings Account (TFSA) is one of Canada's most flexible savings tools. Any investment growth — interest, dividends, or capital gains — inside a TFSA is completely tax-free. Unlike an RRSP, withdrawals are not taxed and do not affect government benefits like OAS or GIS.
The 2026 TFSA annual contribution limit is $7,000. If you have never opened a TFSA and were 18 or older in 2009, your total cumulative room in 2026 is $95,000. Withdrawals create new contribution room in the following calendar year.
TFSA FAQs 2026
What is the TFSA limit for 2026?
The annual TFSA contribution limit for 2026 is $7,000. If you have unused room from previous years, you can contribute more. Check your CRA My Account for your exact available room.
Should I invest or save in my TFSA?
Holding ETFs or low-cost index funds inside your TFSA instead of cash can significantly increase long-term returns. The tax-free compounding effect is most powerful with higher-returning investments held for decades.
Can I withdraw from my TFSA anytime?
Yes. TFSA withdrawals can be made at any time, for any reason, with no tax implications. The amount withdrawn is added back to your contribution room on January 1 of the following year.
💡 TFSA Tips
2026 TFSA Limit is CA$7,000
The annual TFSA contribution limit for 2026 is CA$7,000. Unused room carries forward from previous years.
All Growth is Tax-Free
Unlike an RRSP, you don't pay tax on TFSA withdrawals. This makes it ideal for long-term investing.
Invest, Don't Just Save
Holding ETFs or stocks inside your TFSA instead of cash dramatically increases your long-term returns.