The TFSA Contribution Limit for 2025 has been made official. The Canada Revenue Agency (CRA) confirmed that the limit is $7,000 in 2026, which is the same annual limit as 2025 and 2024. This now brings the cumulative TFSA limit to $109,000 for those who were eligible to contribute since its inception.
The Tax-Free Savings Account (TFSA) was introduced in 2009 as a way for Canadians 18 years of age or older to save and invest money tax-free during their lifetime – either for retirement or for any other purpose. TFSA contributions are made with after tax dollars, but income earned by the amounts contributed as well as any gains inside it are tax-free, even when withdrawn.
The contribution limit is set each year and increases based on inflation. The maximum amount for 2026 has been set at $7,000, reflecting the limit’s index to inflation—rounded to the nearest $500. Unused TFSA contribution room can be carried forward and any amounts withdrawn in the current year can only be put back in the following year.
- The 2026 contribution of $7,000 is unchanged from 2024/2025
- The total contribution room available in 2026 for someone who has never contributed and has been eligible for the TFSA since its introduction is $109,000.
- The annual limit is indexed to inflation and rounded to the nearest $500.
- Anyone 18 or older is eligible to open a TFSA and contribution room accumulates beginning in the year they turn 18.
TFSA contribution limits dollar amounts by year:
| For 2009 -2012 | $5,000 |
| For 2013 and 2014 | $5,500 |
| For 2015 | $10,000 |
| For 2016, 2017, and 2018 | $5,500 |
| For 2019, 2020, 2021, 2022 | $6,000 |
| For 2023 | $6,500 |
| For 2024 | $7,000 |
| For 2025 | $7,000 |
| For 2026 | $7,000 |

