If you were born in 1998, you turned 18 in 2016. Assuming you've been a Canadian resident since then and never contributed, your total 2026 TFSA contribution room is $68,000 across 11 years of accumulated limits.
Maximum cumulative room (never contributed)
$68,000
Year you turned 18
2016
Eligible from
2016
Years of room
11
Already contributed or withdrawn? Use the full TFSA calculator for an exact figure.
| Year | Annual limit | Cumulative |
|---|---|---|
| 2016 | $5,500 | $5,500 |
| 2017 | $5,500 | $11,000 |
| 2018 | $5,500 | $16,500 |
| 2019 | $6,000 | $22,500 |
| 2020 | $6,000 | $28,500 |
| 2021 | $6,000 | $34,500 |
| 2022 | $6,000 | $40,500 |
| 2023 | $6,500 | $47,000 |
| 2024 | $7,000 | $54,000 |
| 2025 | $7,000 | $61,000 |
| 2026 | $7,000 | $68,000 |
Born in 1998, you turned 18 in 2016 — the year your TFSA eligibility began (assuming Canadian residency). Every January 1 since 2016, the CRA has added a new annual limit to your total room. For 2026, that limit is $7,000, on top of every prior year's limit you didn't use.
The $68,000 figure assumes you've never contributed to a TFSA. If you have, subtract everything you've contributed across all your TFSAs (every institution combined). Then add back any prior-year withdrawals — those return to your room on January 1 of the year after you withdrew.
A common mistake: assuming TFSA limits are uniform. They're not. The 2015 limit jumped to $10,000 for a single year before reverting. The 2024 limit rose to $7,000 and held for 2025 and 2026. The CRA indexes the annual limit to inflation in $500 increments, which is why it moves in steps rather than smoothly.
Want to know how this room translates to retirement value? Use our compound interest calculator or compare TFSA against RRSP and FHSA in our three-account comparison.