Debt and savings
TFSA contribution room
How much room you have left — the TFSA is often the first pot a down payment comes from.
All your TFSA contributions since the start, gains excluded.
A withdrawal frees up room, but only on the following 1 January. Do not count this year’s.
Room available in 2026
$109,000
Your room has been accumulating since 2009.
- Room accumulated
- $109,000
- Already contributed
- $0
See how it was calculated
- First eligible year
- 2009
- Room accumulated since
- $109,000
- Contributions made
- -$0
- Prior withdrawals restored
- $0
- Room available
- $109,000
For a first home, the FHSA exists precisely for that: $8,000 a year, $40,000 lifetime, deductible from taxable income, and the withdrawal to buy is tax-free. The Home Buyers' Plan also allows withdrawing $60,000 from an RRSP.
Your annual limits
| Year | Limit |
|---|---|
| 2009 | $5,000 |
| 2010 | $5,000 |
| 2011 | $5,000 |
| 2012 | $5,000 |
| 2013 | $5,500 |
| 2014 | $5,500 |
| 2015 | $10,000 |
| 2016 | $5,500 |
| 2017 | $5,500 |
| 2018 | $5,500 |
| 2019 | $6,000 |
| 2020 | $6,000 |
| 2021 | $6,000 |
| 2022 | $6,000 |
| 2023 | $6,500 |
| 2024 | $7,000 |
| 2025 | $7,000 |
| 2026 | $7,000 |
These results are provided for illustration only. They apply the Canadian mortgage rules and the Quebec schedule in force, but they are not an offer of financing nor investment advice: the actual rate, amortization and terms depend on your file and on the lender chosen, and are subject to change. For a firm answer, talk to a broker.
Does that number work for you? A broker will confirm it with a real lender. In most files our compensation comes from the lender — if it were ever otherwise, your broker tells you before anything moves.
Schedule 2026 — Agence du revenu du Canada (checked on 2026-08-25) · Agence du revenu du Canada (checked on 2026-08-25).
What the number does not tell you
Contribution room accumulates from the year you turn 18, or from 2009 if you were already an adult — and it accumulates even if you never opened an account. Someone eligible since the start has $109,000 in 2026. A withdrawal frees up equivalent room, but only on the following 1 January: recontributing the same year is the most common cause of excess, penalized at 1% a month.
The TFSA is often the first pot a down payment comes from: the withdrawal is tax-free with no condition on use. For a first purchase, two other plans exist — the FHSA, which adds a tax deduction, and the Home Buyers' Plan, which allows withdrawing up to $60,000 from an RRSP, repayable over fifteen years. All three stack; how to split between them is a decision to make with your advisor.