TFSA · 2026 LIMIT $7,000 · CUMULATIVE $109,000

Tax-free in. Tax-free out.

The TFSA is the single best account in Canadian personal finance. Contribute up to $7,000/year, watch it grow, and pay zero tax on the gains — forever. Over 25 years, maxing your TFSA is worth $150,000+ more than a taxable account.

TFSA · TAX-FREE SAVINGS2026
CUMULATIVE ROOM SINCE 2009$109,000
THIS YEAR$7,000
TAX ON GAINS
★ ANNUAL LIMITS · QUICK GLANCE
2021
2022
2023
2024
2025
2026
$150k+OVER 25YRvs taxable
★ TFSA GROWTH SIMULATOR ★

Your TFSA. Vs taxable account.

Same contributions. Same return. The TFSA pulls ahead more every year. Drag the sliders — watch the gap widen.

★ TFSA ADVANTAGE AT YEAR 25
$128,579
extra in your pocket vs a taxable account at 35% marginal rate
★ YOUR ASSUMPTIONS
$0$300$583 = max
2%7% = S&P avg12%
20%35%54%
Total contributed$174,900
Tax-free gains$267,590
TFSA · $442,490 Taxable · $313,912
$486,739$243,370$0
NowYear 12Year 25
★ HISTORICAL ANNUAL LIMITS · 2009-2026 ★

Every TFSA limit since launch

CRA indexes the TFSA to inflation in $500 increments. Cumulative room since 2009: $109,000.

$5k
2009
Account launched
$5k
2010
$5k
2011
$5k
2012
$5.5k
2013
First indexation
$5.5k
2014
$10k
2015
Conservative bump
$5.5k
2016
Rolled back
$5.5k
2017
$5.5k
2018
$6k
2019
Indexed
$6k
2020
$6k
2021
$6k
2022
$6.5k
2023
$7k
2024
$7k
2025
$7k
2026
Current year
2009 LAUNCH$5,000
BIGGEST JUMP2015 · $10k
2026 LIMIT$7,000
CUMULATIVE ROOM$109,000
★ 6 TOP TFSA ACCOUNTS · 2026 ★

Where should you open your TFSA?

From 4% high-interest cash to commission-free investing — match your usage to the right provider.

WS
Wealthsimple TFSAWealthsimple
BEGINNERS · COMMISSION-FREE
RATE / EARN4.00% on cash · invest in stocks/ETFs
Fees$0 commissions · 0.50% MER on Managed
Min deposit$0

No-fee stock trading + auto-invest portfolios + 4% interest on uninvested cash. Most popular TFSA in Canada.

Open TFSA
QT
Questrade TFSAQuestrade
SELF-DIRECTED INVESTORS
RATE / EARNSelf-directed · ETF buys free
Fees$4.95-9.95/trade · ETF buys $0
Min deposit$1000

Deepest tool set for serious investors. Free ETF purchases. US-dollar TFSA supported.

Open TFSA
EQ
EQ Bank TFSA SavingsEQ Bank
PURE SAVINGS · NO INVESTING
RATE / EARN3.00%
Fees$0 fees · 0 minimum
Min deposit$0

Highest-rate TFSA savings account in Canada. Cash only · no investing inside. Use for emergency fund.

Open TFSA
TNG
Tangerine TFSATangerine
PROMO RATE HUNTERS
RATE / EARN0.10-5.50% (promo)
Fees$0
Min deposit$0

Promo rate of 5.50% for new deposits (rotating). Drops to 0.10% post-promo. Best for short-term cash parking.

Open TFSA
NEO
Neo TFSA InvestingNeo
INTEGRATED BANKING
RATE / EARNSelf-directed + Managed
Fees$0 trades · 0.25-0.40% MER
Min deposit$0

TFSA combined with Neo Money chequing/savings. Mobile-first UX. Free Canadian and US stock trades.

Open TFSA
BMO
BMO TFSABMO
BIG-6 RELIABILITY
RATE / EARN0.05-2.00% (varies)
FeesAccount: $0 · Trades: $9.95
Min deposit$0

Big-6 bank reliability and branches. Mediocre interest, higher trade fees. Good for in-branch service.

Open TFSA
YOUR QUESTIONS

TFSA · straight answers