The 2026 TFSA contribution limit is $7,000 - the same as 2024 and 2025. The Tax-Free Savings Account (TFSA) lets Canadians grow money completely tax-free, and contribution room accumulates automatically every year you are 18 or older and a Canadian resident. If you have been eligible since the program launched in 2009, your cumulative TFSA contribution room in 2026 could be as high as $109,000. Unused room from prior years carries forward indefinitely, so even if you have never contributed, you can contribute that entire amount this year as long as you are within your personal limit. Over-contributing triggers a 1% per month penalty on the excess, so it pays to know your exact room before depositing. Use the Mintfile TFSA calculator to find your personal limit based on your age and residency.