Canadian Wealth Tip: The TFSA was introduced in 2009. If you were 18 or older in 2009 and have never contributed, your total lifetime room by 2026 is $109,500. Remember, if you withdraw money from your TFSA this year, that exact amount gets added back to your contribution room on January 1st of the next year. Over-contributing results in a 1% penalty per month from the CRA!