TFSA, RRSP and FHSA Contribution Limits for 2026, and Every Year Since 1991
How much you can put into a Tax-Free Savings Account, a Registered Retirement Savings Plan or a First Home Savings Account, with calculators for your own room and the full history of the limits from the Canada Revenue Agency. All amounts are in Canadian dollars.
01How Much Room Do You Have?
Three quick calculators. The figure on your Notice of Assessment or in your CRA My Account is the official one; these show how it is worked out.
TFSA room in 2026
New RRSP room for 2026
FHSA room in 2026
A guide to the CRA rules, not tax advice. The TFSA calculator assumes you had a valid social insurance number from the year you became eligible; the RRSP calculator leaves out past service pension adjustments and pension adjustment reversals.
02All the Limits at a Glance
| Limit | 2025 | 2026 | 2027 |
|---|---|---|---|
| TFSA dollar limit | $7,000 | $7,000 | not yet announced |
| Total TFSA room since 2009, if eligible every year | $102,000 | $109,000 | not yet announced |
| RRSP dollar limit | $32,490 | $33,810 | $35,390 |
| RRSP: share of the previous year's earned income | 18% | 18% | 18% |
| FHSA yearly limit | $8,000 | $8,000 | $8,000 |
| FHSA lifetime limit | $40,000 | $40,000 | $40,000 |
| RRSP Home Buyers' Plan withdrawal limit | $60,000 | $60,000 | $60,000 |
| RRSP deadline for the tax year | March 2, 2026 | March 1, 2027 | February 29, 2028 |
The RRSP dollar limit for each year is set a year ahead: it equals the previous year's money purchase pension limit, which is why the CRA already lists the 2027 RRSP limit. The FHSA and Home Buyers' Plan limits are fixed amounts set in the Income Tax Act, not indexed to inflation.
03Every Year
| Year | TFSA limit | Total TFSA room | RRSP dollar limit |
|---|---|---|---|
| 2027 | not yet announced | – | $35,390 |
| 2026 | $7,000 | $109,000 | $33,810 |
| 2025 | $7,000 | $102,000 | $32,490 |
| 2024 | $7,000 | $95,000 | $31,560 |
| 2023 | $6,500 | $88,000 | $30,780 |
| 2022 | $6,000 | $81,500 | $29,210 |
| 2021 | $6,000 | $75,500 | $27,830 |
| 2020 | $6,000 | $69,500 | $27,230 |
| 2019 | $6,000 | $63,500 | $26,500 |
| 2018 | $5,500 | $57,500 | $26,230 |
| 2017 | $5,500 | $52,000 | $26,010 |
| 2016 | $5,500 | $46,500 | $25,370 |
| 2015 | $10,000 | $41,000 | $24,930 |
| 2014 | $5,500 | $31,000 | $24,270 |
| 2013 | $5,500 | $25,500 | $23,820 |
| 2012 | $5,000 | $20,000 | $22,970 |
| 2011 | $5,000 | $15,000 | $22,450 |
| 2010 | $5,000 | $10,000 | $22,000 |
| 2009 | $5,000 | $5,000 | $21,000 |
| 2008 | – | – | $20,000 |
| 2007 | – | – | $19,000 |
| 2006 | – | – | $18,000 |
| 2005 | – | – | $16,500 |
| 2004 | – | – | $15,500 |
| 2003 | – | – | $14,500 |
| 2002 | – | – | $13,500 |
| 2001 | – | – | $13,500 |
| 2000 | – | – | $13,500 |
| 1999 | – | – | $13,500 |
| 1998 | – | – | $13,500 |
| 1997 | – | – | $13,500 |
| 1996 | – | – | $13,500 |
| 1995 | – | – | $14,500 |
| 1994 | – | – | $13,500 |
| 1993 | – | – | $12,500 |
| 1992 | – | – | $12,500 |
| 1991 | – | – | $11,500 |
The TFSA began in 2009. The FHSA began on April 1, 2023 at $8,000 a year. The current RRSP dollar limit system dates from pension reform in 1990; the first year under it was 1991.
04The TFSA and RRSP Limits Over Time
The RRSP dollar limit went from $11,500 in 1991 to $35,390 in 2027; it was frozen at $13,500 from 1996 to 2002. The TFSA limit started at $5,000 in 2009 and briefly jumped to $10,000 in 2015 before the next government cut it back to $5,500.
05TFSA vs RRSP vs FHSA
| TFSA | RRSP | FHSA | |
|---|---|---|---|
| Contributions deductible from income | No | Yes | Yes |
| Withdrawals taxed | No | Yes, as income | No, if used to buy a qualifying first home |
| New room each year | $7,000 in 2026 | 18% of last year's earned income, up to $33,810 in 2026, less any pension adjustment | $8,000, up to $40,000 in total |
| Unused room | Carries forward with no limit | Carries forward with no limit | Up to $8,000 carries forward |
| Withdrawals give room back | Yes, on January 1 of the next year | No (except Home Buyers' Plan and Lifelong Learning Plan repayments) | No |
| Who can contribute | Residents with a social insurance number; room builds from 18, though some provinces require you to be 19 to open one | Anyone with RRSP room, until the end of the year they turn 71 | First-time home buyers who are residents, from 18 (19 in some provinces) to 71 |
| Contribution deadline | None | The first 60 days of the next year count toward the previous year | December 31 |
| Over-contribution tax | 1% a month on the excess | 1% a month on the excess above a $2,000 cushion | 1% a month on the excess |
06How the Limits Work
TFSA room builds up from the year you turn 18. Every year you are 18 or older and resident in Canada, you get that year's dollar limit, starting in 2009 when the account was created. You get it whether or not you open an account or file a tax return, and unused room carries forward forever. Money you take out is added back to your room on January 1 of the next year, which is the most common way people over-contribute: putting money back in the same year they took it out. The dollar limit is indexed to inflation and rounded to the nearest $500, so it rises in $500 steps.
RRSP room depends on what you earned. Each year you get 18% of the previous year's earned income, up to that year's dollar limit, minus the pension adjustment if you belong to a workplace pension plan, plus any room you did not use before. Your Notice of Assessment shows your RRSP deduction limit for the next year. Contributions made in the first 60 days of a year can be deducted on the previous year's return. RRSPs must be converted to a RRIF or annuity by the end of the year you turn 71.
The FHSA combines the two. Introduced on April 1, 2023, it gives first-time home buyers an RRSP-style deduction going in and TFSA-style tax-free withdrawals coming out, as long as the money buys a qualifying home. Room only starts in the year you open the account, so opening one early, even with nothing in it, starts the clock. An FHSA can stay open for up to 15 years, and unused money can be moved into an RRSP without using RRSP room.
Home Buyers' Plan. First-time buyers can also borrow up to $60,000 from their RRSP for a home ($35,000 up to April 16, 2024) and repay it over 15 years, with repayments now starting in the fifth year after the first withdrawal for first withdrawals made from 2022 to 2028. The Lifelong Learning Plan allows up to $10,000 a year, $20,000 in total, for education. The Home Buyers' Plan can be combined with an FHSA for the same home.
07Questions People Ask
What is the TFSA limit for 2026?
$7,000. Someone who has been 18 or older and resident in Canada every year since 2009 has $109,000 of total room in 2026, less whatever they have contributed, plus withdrawals from previous years.
What is the RRSP limit for 2026?
18% of your 2025 earned income, up to $33,810, minus any pension adjustment, plus unused room from earlier years. The deadline for contributions you want to deduct on your 2026 return is March 1, 2027. The 2027 RRSP dollar limit is $35,390.
When will the 2027 TFSA limit be announced?
The CRA usually announces it in late November, once the inflation figures it is based on are in. It moves in $500 steps, so it either stays at $7,000 or rises to $7,500 or more. This page is updated when it is announced.
Should I use a TFSA or an RRSP?
It mostly comes down to your tax rate now compared with when you take the money out. An RRSP deduction is worth more when your income is high now and will be lower in retirement; a TFSA is usually better at lower incomes, and for money you may need before retirement, because withdrawals are tax-free and the room comes back.
Can I have a TFSA, an RRSP and an FHSA at the same time?
Yes. Each has its own limit, and a first-time buyer can use an FHSA and the RRSP Home Buyers' Plan for the same home.
08Sources
- Canada Revenue Agency: MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and the YAMPE
- Canada Revenue Agency: Tax-Free Savings Account
- Canada Revenue Agency: RRSPs and related plans
- Canada Revenue Agency: First Home Savings Account
- Canada Revenue Agency: Home Buyers' Plan
Related: 401(k) and IRA Contribution Limits (United States) · all Financial Tools
Cite This Page
This page is free to cite and link. Its figures come from Canada Revenue Agency and are kept current, so please include the date you accessed it.
| Format | Citation | |
|---|---|---|
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| APA | Manuel, D. (2026). TFSA, RRSP and FHSA Contribution Limits for 2026, and Every Year Since 1991. DaveManuel.com. Retrieved October 23, 2026, from https://www.davemanuel.com/tfsa-rrsp-contribution-limits.php | Copy |
| Chicago | Manuel, Dave. “TFSA, RRSP and FHSA Contribution Limits for 2026, and Every Year Since 1991.” DaveManuel.com. Accessed October 23, 2026. https://www.davemanuel.com/tfsa-rrsp-contribution-limits.php. | Copy |
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Source data: Canada Revenue Agency. Updates: Yearly. How we build our data pages.