Check TFSA room and replace withdrawals
How do TFSA contributions and withdrawals affect my room?
TFSA deposits use contribution room immediately. A withdrawal usually returns as new room on January 1 of the following year, not immediately. Reconcile all your accounts using your own transaction records before contributing again.
Where to begin
- Gather statements from every TFSA issuer; room is shared across your TFSAs.
- Use CRA’s worksheet or calculator with your applicable annual limits, unused room, prior-year withdrawals and this year’s contributions.
- Do not rely solely on the CRA account balance: issuer transactions are reported later and recent activity may be missing.
- Request a withdrawal through your issuer. Replace it in the same year only if you already have enough unused room.
- If issuer records are wrong, ask that issuer to correct its report to CRA.
Before you open the official service
- Contribution and withdrawal dates from all TFSA accounts.
- Relevant years of Canadian tax residency.
Keep your actual documents and account details off this website. Use the official service’s current checklist before applying.
What to check for your situation
Non-resident contributions have separate consequences. This guide does not calculate personal room or assume everyone has accumulated the same limit.
Fees, processing times and document rules can change. This page helps you navigate; it does not confirm eligibility or replace the government’s instructions.
Official sources
canada.ca · Official websiteCRA — Calculate TFSA contribution roomContribution room combines applicable annual limits, unused prior room and last-year withdrawals, less current-year contributions. The TFSA contribution room displayed in your CRA account may lag recent transactions. Calculate room using your own current contribution and withdrawal records from every TFSA issuer, rather than relying only on CRA's displayed amount.Checked
Prepared by Active K Digital from the linked public guidance. Read our source approach.