TFSA Contribution Room Calculator

  • Calculate contribution room remaining in 2021
  • Estimate total future value of TFSA investments.
  • Estimate tax free investment income available in later years.
  • See how TFSA account would have grown had you invested in an S&P500 index fund.
  • Your CRA My Account will provide your contribution room remaining as of end-2020, but not for 2021.
  • Overcontribute? You’ll be punished with a 1% tax on the highest excess TFSA amount each month. Read more on the CRA website.
  • Make it your own: Save to your Google Drive or download an excel copy.