Canada TFSA & RRSP Contribution Planner
Compare separate long-term growth estimates, then check planned contributions against your own available TFSA room and RRSP deduction limit.
2026 TFSA contribution room
The 2026 TFSA annual dollar limit is CA$7,000. This is not necessarily your personal available room. Your room can include unused amounts carried forward and depends on your age, Canadian residency history, previous contributions and withdrawals. A TFSA withdrawal is generally added back to available room on 1 January of the following calendar year, not immediately. Excess contributions can trigger a 1% monthly tax.
2026 RRSP deduction limit
The 2026 RRSP dollar limit is CA$33,810, but this is not automatically your personal contribution or deduction room. Your personal limit generally reflects unused room, 18% of prior-year earned income up to the annual maximum, and pension adjustments or other applicable adjustments. Check your latest CRA Notice of Assessment, reassessment or CRA account before contributing.
RRSP contributions may be deductible within your available deduction limit, and withdrawals are generally included in taxable income. TFSA contributions are not deductible, but qualifying investment income and withdrawals are generally tax-free. The two account types therefore should not be compared by balance alone.
How to use the checks
Enter your available TFSA room and your own RRSP deduction limit from CRA records. The tool compares the separate planned-contribution amounts you enter against those figures. Monthly contribution inputs are used only for the long-term projection, so they are not incorrectly annualised for the current room check. It does not retrieve CRA data, calculate pension adjustments or establish legal eligibility.
Practical next steps
- Reconcile TFSA contributions and withdrawals across all institutions.
- Do not re-contribute a TFSA withdrawal until the room is restored, unless you have other available room.
- Use your personal RRSP deduction limit, not just the annual maximum.
- Consider the tax treatment and timing of withdrawals before comparing account outcomes.
Official sources: CRA TFSA contribution room · CRA TFSA withdrawals · CRA 2026 RRSP and TFSA limits · Find your RRSP deduction limit
Reviewed 7 November 2026. Educational estimates only; not tax, investment or financial advice. Verify your room and limits with CRA records before contributing.