TFSA Contribution Room Calculator
TFSA Contribution Room: a planned Super Calculator tool. Covers year of eligibility. Stub page: the tool, its formula and a worked example are not published.
TFSA Contribution Room Calculator is a planned calculator in the finance section of Super Calculator, covering retirement.
What this calculator will compute
Inputs: year of eligibility, contributions by year (CAD), withdrawals by year (CAD) and current year.
Outputs: available room (CAD), over contribution amount (CAD), penalty exposure (CAD) and room restored next January (CAD).
Formula, recorded as scope and not yet verified against a primary source: Room accrues annually from the year of eligibility, with withdrawals restored to room only in the following calendar year, which is the rule that produces most over contribution penalties. Growth inside the account does not consume room.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.