CA 2028 TFSA Limit
CA 2028 TFSA: $7,500 annual projected (indexed CPI). Cumulative since 2009 = ~$108,500+ for Canadians 18+ continuously. Tax-free growth + withdrawals.
| Cumulative limit (since 18) | — |
| Total contributed to date | — |
| Total withdrawn (re-adds next Jan) | — |
| 2028 available room | — |
Canada 2028 TFSA annual limit projected $7,500 (indexed CPI from $7,000 in 2024-2025). Cumulative room since 2009: ~$108,500+ for Canadians 18+ continuously. Withdrawals create room added back next January 1 — not the same year. All growth and withdrawals tax-free forever.
Withdrawal Re-Adds Next Year
Withdrawal $10,000 in 2028: TFSA room INCREASES by $10,000 — but only on January 1, 2029. Mid-year re-contribution = over-contribution = 1%/month penalty. Plan year-end withdrawals strategically.
US Citizen Trap
TFSAs are NOT tax-sheltered for US-Canada dual citizens / US persons. IRS treats as foreign grantor trust — Forms 3520/3520-A annual filing, complex K-1-like compliance. Many cross-border tax advisors recommend US persons avoid TFSAs entirely.
Day Trading Audit Risk
CRA actively audits TFSAs with high turnover or large gains relative to contributions. Frequent buying/selling can be reclassified as 'carrying on a business' = 100% taxable as ordinary income outside the wrapper. Hold investments long-term for tax-free treatment.
Last updated May 2026. Sources: CRA TFSA.