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TFSA contribution limits

You can make regular contributions to your TFSA throughout the year without needing to have an earned income. However, it is your responsibility to make sure you do not go over your maximum annual contribution limit.

Any over-contributions are subject to penalties and interest. The Canada Revenue Agency sets the yearly contribution limit (see table below).

Unused contribution room is accumulated every year to a maximum limit. Any withdrawals from your account will be added back as contribution room in the next year.

 

Taxation year
TFSA annual limit
TFSA cumulative limit

2022

$6,000

$81,500

2021

$6,000

$75,500

2020

$6,000

$69,500

2019

$6,000

$63,500

2018

$5,500

$57,500

2017

$5,500

$52,000

2016

$5,500

$46,500

2015

$10,000

$41,000

2014

$5,500

$31,000

2013

$5,500

$25,500

2012

$5,000

$20,000

2011

$5,000

$15,000

2010

$5,000

$10,000

2009

$5,000

$5,000

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