If you’re hoping to max out your TFSA contribution next year, the Canada Revenue Agency (CRA) has revealed just how much you can contribute.

The TFSA program, introduced in 2009, is a way for Canadians who are 18 or older to set money aside tax-free throughout their lifetime. Contributions to the TFSA are not deductible for income tax purposes.

Any amount that is contributed, or income earned in the account (such as investment income and capital gains), as well as withdrawals, is “generally tax-free,” states the CRA.

The federal government sets the maximum contribution limit every year. The 2026 limit is unchanged from 2025 and remains at $7,000. This amount has been indexed for inflation each year since 2009 and rounded to the nearest $500.

Your TFSA contribution room grows each year,

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