About 133,000 people over‑contributed to a TFSA in 2024.
Your room to the day, before you go over.
CRA’s figure lags; a spreadsheet is one cell from trouble.
Priya’s TFSA, 12 June 2026: $8,000 withdrawn in March.
CRA says
$9,500
Right on 1 January, but it doesn’t know about the $6,750 she contributed in February.
Her spreadsheet says
$10,750
| 1 | Room on 1 January | 9,500 |
|---|---|---|
| 2 | Contributed, 3 Feb | −6,750 |
| 3 | Withdrew, 18 Mar | +8,000 |
| 4 | Left | 10,750 |
It adds the $8,000 back now. CRA adds it back on 1 January 2027.
Contribution Room says
$2,750
- Contributed
- Room left
- Contributed$6,750
- Withdrew$8,000Comes back as room on 1 January 2027.
Her real room, to the day.
Contributing the $8,000 again today:
This puts Priya $5,250 over: $52.50 a month until it’s withdrawn.
See how
CRA refreshes the room in its account once a year, in spring, from what banks report by the end of February, so it never includes this year’s contributions. A TFSA withdrawal is room again only on 1 January of the next year.
Know before you contribute, not a year later.
Or tell Claude or ChatGPT, with Pro.
Your assistant
I contributed $500 to my TFSA today.
Done. $2,250 left this year.
Priya’s TFSA, 12 June 2026
Both of you, every account Pro
The solid part of a ring is this year’s contributions; the rest is room left.
Priya
Daniel
Free, or Pro
For one person.
a year, plus tax. Your assistant logs and looks up for you.
Came to Canada after 2009? Your room starts the year you became a resident.