Finance tool
TFSA calculator
Invest $X at Y% — see your tax-free balance after 25 years. 2026 annual limit: $7,000.
Interactive tool
TFSA growth calculator
Fully tax-free growth and withdrawals, plus $7,000 annual room.
Projected TFSA value
$564,184
After 25 years at 8% average annual return — tax-free
2026 annual room
$7,000
$7,000 left this year
Your total TFSA room
$109,000
Up to $109,000 if eligible since 2009
Total contributions
$179,900
Tax-free growth
$384,284
TFSA growth and qualified withdrawals are completely tax-free — contributions are not deductible, but you never pay tax on gains or withdrawals.
At $583/month ($6,996/year), you stay within the $7,000 CRA annual limit and your available room.
Every Canadian 18+ gets $7,000 new TFSA room in 2026. Growth and withdrawals do not reduce room permanently. Confirm exact room on CRA My Account.
The problem
TFSA growth is invisible until you run the numbers
Unlike RRSPs, TFSA contributions don’t give a tax refund — but every dollar of growth is yours tax-free. The 2026 limit is $7,000, with $109,000 cumulative room if you’ve been eligible since 2009.
Withdrawals free up room next year, which makes long-term projections tricky without a calculator.
How Calqio helps
Compound growth with no tax drag
Model starting balance, monthly contributions, return rate, and timeline. The chart shows balance climbing as contributions and growth stack.
Advanced options help estimate remaining contribution room.
Real example
Example: Maxing $583/month (~$7,000/year) for 25 years
Contributing roughly $583 monthly ($7,000 annually) from zero at 8% return projects to over $500,000 — entirely tax-free on withdrawal.
Past performance doesn’t guarantee future returns. Adjust the rate slider for stress-testing.
Common questions
- What is the TFSA limit for 2026?
- The annual contribution room is $7,000. Cumulative room since 2009 is $109,000 if you were 18+ and eligible.
- Are TFSA withdrawals taxed?
- No. Qualified withdrawals are tax-free, and the amount withdrawn is added back to your room the following year.
- What happens if I over-contribute?
- CRA charges 1% per month on excess amounts. This calculator warns if planned contributions exceed estimated room.
- TFSA vs RRSP for young savers?
- TFSAs offer flexibility — great for emergency funds and medium-term goals. RRSPs shine when your tax rate is high today.