How much TFSA room do I get when I turn 18?
The whole year’s limit from the year you turn 18, even in December: born in 2007, $14,000 by 2026.
TFSA room, at most
$14,000
See how
Born2007
Room from2025
Room by 2026$14,000
A birthday on 31 December still brings that year’s full limit. Room is never cut for part of a year.
In provinces where the age of majority is 19, a bank may open a TFSA only then. The room from the year you turned 18 waits for you; opening later loses none of it.
It adds up only for years you are a resident of Canada for tax.
Sources
Checked against the CRA’s pages on .