March 1

TFSA Contribution Room Calculator 2021 – Find Your TFSA Room

TFSA Contribution Room Calculator 2021 – Find Your TFSA Room

By Dan Kent

March 1, 2021

**The writer of this article may hold positions in the stocks listed below**


When it comes to your TFSA (Tax Free Savings Account) contribution room, many are confused. The formula for how much room you have in your tax free savings account is quite simple.

Previous years room + Last years withdrawals + New years room = TFSA contribution room

However, there are a few variables that may remain unknown, like how much previous room you do have. That is exactly why we have developed this TFSA contribution room calculator to help you identify exactly how much room you have moving forward.

This calculator is updated for 2021, and if you’re unaware of what the TFSA is, it is a savings account that Canadians over the age of 18 can gain access to to either save or invest money, tax free.

They can use this room to buy stocks, ETFs, mutual funds, bonds, index funds or any other investment!

TFSA contribution room calculator for 2021

This TFSA contribution room calculator is going to allow you to calculate how much contribution room you have in a few clicks of your mouse. This takes into account the following:

  • Your year of birth to start tracking how much accumulation TFSA room you have (Previous years room)
  • Your total contributions you’ve made thus far to your TFSA
  • Any money you withdrew out of your TFSA last year (Last years withdrawals)
  • The new TFSA contribution limit for 2021 (New years room)

Keep in mind, this calculator is used for planning purposes only, and all numbers in this calculator should be verified with the Canada Revenue Agency.

TFSA Contribution room by year and cumulative room

wdt_ID Year Annual Room Cumulative Room
1 2009 $5000 $5000
2 2010 $5000 $10,000
3 2011 $5000 $15,000
4 2012 $5000 $20,000
5 2013 $5500 $25,500
6 2014 $5500 $31,000
7 2015 $10,000 $41,000
8 2016 $5500 $46,500
9 2017 $5500 $52,000
10 2018 $5500 $57,500

About the author

An active dividend and growth investor, Dan has been involved with the website since its inception. He is primarily a researcher and writer here at Stocktrades.ca, and his pieces have numerous mentions on the Globe and Mail, Forbes, Winnipeg Free Press, and other high authority financial websites. He has become an authority figure in the Canadian finance niche, primarily due to his attention to detail and overall dedication to achieving the highest returns on his investments. Investing on his own since he was 19 years old, Dan has compiled the experience and knowledge needed to be successful in the world of self-directed investing, and is always happy to bring that knowledge to Stocktrades.ca readers and any other publications that give him the opportunity to write. He has completed the Canadian Securities Course, manages his TFSA, RRSPs and a LIRA at Questrade, and has compiled a real estate portfolio of his primary residence and 2 rental properties, all before his 30th birthday.