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TFSA Calculator Canada 2025

Calculate your TFSA contribution room, check for over-contributions and project tax-free growth.

The Tax-Free Savings Account (TFSA) is a uniquely Canadian savings vehicle that provides tax-free investment growth and tax-free withdrawals at any time for any purpose. Unlike the RRSP, TFSA contributions are not tax-deductible — you contribute after-tax dollars. The advantage is that all growth and withdrawals are completely tax-free. Every Canadian resident aged 18 or older accumulates TFSA contribution room each year. Withdrawals in any calendar year are added back to your contribution room the following January, allowing you to re-contribute withdrawn amounts without penalty. Over-contributing to a TFSA results in a 1% per month penalty tax on the excess amount.
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Lifetime Room (since 2009)
$102,000
Available Room
$52,000
2025 Annual Limit
$7,000
TFSA Limits — Year by Year (from 2009)
YearLimitYearLimit
2009$5,0002010$5,000
2011$5,0002012$5,000
2013$5,5002014$5,500
2015$10,0002016$5,500
2017$5,5002018$5,500
2019$6,0002020$6,000
2021$6,0002022$6,000
2023$6,5002024$7,000
2025$7,000
Total lifetime room$102,000
Tax-free Growth Projection (20 years at 6%)
Projected TFSA balance
$465,377
Monthly tax-free income (25yr)
$1,551
⚠️ Withdrawals in a given year are added back to your room the following January 1. Verify your exact room with CRA My Account. Non-residents are subject to a 1% monthly tax on any TFSA contributions made while non-resident.