Enter your starting CRA room
Find your room on your latest Notice of Assessment or CRA My Account. No bank logins, passwords, or account linking required.
Know your real TFSA room before you contribute.
Banks don't know what you hold elsewhere, and CRA My Account is often months out of date. Track your Wealthsimple, Questrade, and bank TFSAs in one place to see your real room and stop the 1%/month CRA penalty before it happens.
Statement of Contribution RoomTax Year 2026
Available TFSA Contribution Room
$23,500
HEALTHY SAFE ZONE
• Next reset: Jan 1, 2027
12% of total room used$3,200 of $26,700
WealthsimpleTFSA Investing$30,000
RBC Royal BankDirect Investing TFSA$18,500
Withdrawals added back on Jan 1:+$4,500.00
Sample preview. Your actual data stays private in your browser.
CRA 1% Monthly Penalty
Here's what 1% a month actually costs.
Go $2,000 over your TFSA limit and don't notice for four months (which is normal, since the CRA usually doesn't flag it until the following spring) and you owe $80, charged automatically with no warning first. Miss it for a year and it's $240.
CRA Penalty Calculation Example
Amount over legal limit$2,000
CRA monthly penalty rate1% / month
Months unnoticed× 4 months
Owed to CRA (Part XI.01 tax)$80.00
Miss it for a year and you owe $240.
TFSA Blindspots
Three places Canadians lose TFSA room.
Banks don't talk to each other, withdrawals have delay rules, and CRA My Account updates months late.
TRAP 01
Multiple Banks Don't Talk
Hold a TFSA at Wealthsimple and another at RBC or Questrade? Neither institution knows what you put in the other. Your legal limit is combined across all accounts.
TRAP 02
CRA My Account Updates Late
Banks only file TFSA transaction slips to the CRA once a year by late February. The CRA portal usually doesn't reflect your current reality until May or June.
TRAP 03
The Jan 1 Withdrawal Trap
Money withdrawn from a TFSA cannot be re-contributed until January 1 of the following year. Depositing it back in the same calendar year without spare room triggers immediate penalties.
How Canuity Protects You
Always know your exact room. Zero bank logins.
Canuity never asks for your bank passwords or SIN. Just enter your starting room from your CRA Notice of Assessment once, record deposits and withdrawals as they happen, and Canuity keeps your running room accurate in real time.
All balances and transactions stay saved directly in your browser. There is nothing to breach because no account data ever touches a remote server.
All Your Accounts in One Place✓ COMBINED
Track Wealthsimple, Questrade, TD, Tangerine, or any bank together under your single CRA contribution limit.
Withdrawals Restored on Jan 1✓ AUTOMATIC
Money you withdraw is saved and automatically added back to your contribution room on January 1, just like CRA rules require.
No Bank Passwords NeededNEVER REQUIRED
Everything stays in your browser storage. Zero bank logins, zero cloud storage, and zero tracking.
Interactive Worksheet
Estimate your lifetime cumulative room.
TFSA room accumulates every year starting the year you turn 18 (from 2009 onward) or the year you gained Canadian tax residency.
Schedule A · Eligibility Parameters
You begin accruing room on January 1 of the calendar year you turn 18.
Age 31 in 2026
Newcomers only accumulate room from the year they gained tax residency.
Includes the official $7,000 limit for 2026.
Schedule B · Calculation Total
Cumulative Lifetime Room
$89,000
Total lifetime headroom accumulated from 2013 to 2026 (14 tax years).
2026 Annual New Room$7,000
First Eligible Tax Year2013
Past ContributionsDeducted in tracker
How it works
Three steps. Then a number you can actually trust.
Enter your room from the CRA, record deposits or withdrawals as you make them, and let Canuity handle the rest.
Log deposits and withdrawals
Record deposits and withdrawals across any bank or brokerage. Withdrawals are automatically tracked and added back on Jan 1.
Check room before you transfer
Check your available room in seconds and get warned before a deposit triggers the CRA 1%/month penalty.
Compare With Others
Why Canadians track TFSA room here instead.
CRA My Account is often months out of date, banks don't know what you hold elsewhere, and spreadsheets take hours to build.
| Feature & Capability | Canuity Tracker | CRA My Account | Excel / Spreadsheets |
|---|---|---|---|
| Track all accounts in one placeCombine balances across Wealthsimple, Questrade, and banks | One real-time total | Out of date for months | Requires manual upkeep |
| Automatic Jan 1 withdrawal resetAdds withdrawn amounts back to your room on January 1 | Restored automatically on Jan 1 | Doesn't track until tax season | Formula must be built |
| 1%/month overcontribution warningProactive alert before transfers trigger CRA fines | Warns before transfer | Penalty letter sent after fact | No automatic warnings |
| Privacy & banking credentialsZero risk of financial credential leaks | No bank login required | CRA credentials needed | Depends on storage |
| Starting room from CRA noticeStart with the official number on your Notice of Assessment | Simple one-time setup | Historical view only | Manual calculation |
| 100% browser-local storageYour account balances never touch our servers | In your browser only | CRA database | Depends on cloud provider |
Official CRA Knowledge & Guidance
Need the complete breakdown of 2009–2026 TFSA rules?
Explore official CRA contribution limits ($7,000 for 2026), withdrawal rollover mechanics, and how to avoid the 1%/month penalty.
Frequently Asked Questions
Questions about TFSA rules & Canuity.
Everything you need to know about CRA limits, January 1 re-contribution rules, and local-first browser privacy.
Private & Local-First
Take control of your TFSA room today.
Free, private, and runs entirely in your browser. No bank logins, no passwords, and no surprise CRA penalties.