The Northern Office

TFSA + RRSP Planner

What did your non-residency cost in TFSA and RRSP room?

TFSA contribution room does not accrue during years you were a non-resident of Canada. The room is permanently lost, not deferred. RRSP room is different — it accrues only if you had Canadian-source earned income during those years.

Your timeline

Canadian-source income

Result

$32,500 CAD

TFSA contribution room forfeited.

Over 5 non-resident years, $32,500 CAD of TFSA contribution room is permanently lost. No RRSP room accrued because there was no Canadian-source earned income.

Year by year

YearTFSA limit (CAD)
2021$6,000
2022$6,000
2023$6,500
2024$7,000
2025$7,000

RRSP

Because there was no Canadian-source earned income during non-residency, no RRSP contribution room accrued for those years. Forward years from the return generate room normally once income is earned in Canada.

Build the rest of your re-entry plan

The Re-entry Planner generates a week-by-week checklist for everything else: provincial health card, driver's license, OAS/GIS/CCB resumption, banking, tax filings.

Open the Re-entry Planner →

Citations: source 1source 2