PipDesk

TFSA room (Canada)

An estimate of how much you can still put in your Tax-Free Savings Account.

How it is worked out

Room = sum of annual limits since the year you turned 18 (or 2009) while resident, plus withdrawals from earlier years, minus all contributions. Your official figure is in CRA My Account.

Questions

When do withdrawals come back?

On 1 January of the following year. Re-contributing in the same year can cause an over-contribution, charged 1% per month.

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