How do I calculate my TFSA room myself?
Three amounts: last year’s unused room, this year’s limit, and what you withdrew last year. Worked through below, it comes to $23,000.
TFSA room on 1 January
$23,000
See how
Room on 1 January 2025$20,000
Contributed in 2025−$6,000
Unused at the end of 2025$14,000
Limit for 2026$7,000
Withdrawn in 2025$2,000
Room for 2026$23,000
It is CRA’s own worksheet, RC343. Contributions come off in the year you make them; a withdrawal is added back only on the next 1 January.
The usual slip is adding a withdrawal back in the same year. Here the $2,000 withdrawn in September is room again only in 2026.
Every TFSA at every bank goes into the one sum: the room is yours, not the account’s. Contribution Room keeps the sum from the entries you log.
Sources
Checked against the CRA’s pages on .