TFSA Limit 2026 Announced: $7,000 Confirmed by CRA
2026 TFSA Contribution Limit: $7,000
The Canada Revenue Agency (CRA) has officially announced that the Tax-Free Savings Account (TFSA) annual contribution limit for 2026 will remain at $7,000, unchanged from 2024 and 2025.
Key Facts:
- • 2026 Annual Limit: $7,000
- • Total Cumulative Room (2009-2026): $109,000
- • Announced: November 2025
- • Effective: January 1, 2026
What This Means for Canadians
Starting January 1, 2026, Canadians can contribute up to $7,000 to their TFSA. This marks the third consecutive year at this contribution level, following the limit remaining at $7,000 for both 2024 and 2025.
Total Contribution Room
If you were 18 or older in 2009 (when TFSAs were first introduced) and have never made a TFSA contribution, your total available contribution room in 2026 will be $109,000:
- 2009-2012: $20,000 ($5,000 × 4 years)
- 2013-2014: $11,000 ($5,500 × 2 years)
- 2015: $10,000
- 2016-2018: $16,500 ($5,500 × 3 years)
- 2019-2022: $24,000 ($6,000 × 4 years)
- 2023: $6,500
- 2024-2025: $14,000 ($7,000 × 2 years)
- 2026: $7,000
Why $7,000?
The TFSA contribution limit is indexed to inflation and rounded to the nearest $500. The CRA reviews inflation annually to determine if the limit should increase. With inflation stabilizing, the limit has remained at $7,000 for three consecutive years.
Next Steps
If you're planning to maximize your TFSA for 2026, consider:
- Checking your contribution room: Log into CRA My Account to confirm your exact available room
- Budgeting for contributions: $7,000 ÷ 12 months = ~$583/month
- Planning your investments: Decide how to invest your TFSA contributions
Want to learn more about TFSAs?
Read our complete guide covering contribution limits, penalties, withdrawal rules, and how to maximize your tax-free savings.
Track Your TFSA Contributions in Waypoint Budget
Waypoint Budget helps you track TFSA contribution progress as part of your overall budget. Set savings goals, monitor your room, and never over-contribute.