TFSA Contribution Limit 2027: Annual Limit and Cumulative Room

Quick Answer

The CRA has not yet announced the 2027 TFSA dollar limit. The 2026 limit is $7,000. The CRA normally announces the new limit in the fall, and new room opens on January 1. Last updated: November 8, 2026. We will add the official 2027 figure here as soon as it is published.

TFSA Annual Limit by Year

The annual limit is indexed to inflation and rounded to the nearest $500. If you have been eligible since the TFSA started in 2009, your cumulative room at the end of 2026 is $109,000, before any withdrawals.

How Your Personal TFSA Room Is Calculated

Your available room is the sum of three things: the annual limit for each year you were eligible, any unused room carried forward from earlier years, and the amount you withdrew in the previous year (withdrawals are added back on January 1 of the following year, not right away). The only reliable number for your own room is the one in CRA My Account (Tax-free savings account section), because banks and brokerages do not see contributions made elsewhere.

Related Guides

• TFSA vs RRSP
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Source

• CRA: MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and the YAMPE

Frequently Asked Questions

What is the TFSA limit for 2027?

The CRA has not announced it yet. The 2026 limit is $7,000. We will update this page when the 2027 limit is published.

How do I check my TFSA contribution room?

Sign in to CRA My Account and open the TFSA contribution room section, or call the CRA's TIPS line. Do not rely on your bank's records alone, since they only show deposits made with that institution.

What happens if I over-contribute?

The CRA charges a tax of 1% per month on the highest excess amount for each month the excess stays in your account. Withdraw the excess as soon as you notice it, and check your room before contributing, especially if you moved money between institutions.

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• Should you withdraw from RRSP early to save on taxes
• What is Income Splitting, and How Does it Work in Canada?
• How to reduce taxes with dividend income in Canada

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