Tracking Contribution Room with Goals

Cadence tracks contribution room through Goals rather than a separate feature. You create one goal per registered account, set the target to this year's contribution limit, and record your contributions as you make them. The progress bar then shows how much room you've used and how much is left.

This works for any account with an annual limit, including your TFSA, RRSP, FHSA, and RESP. Cadence doesn't pull your official numbers from the CRA, so you enter your own limit as the target - check CRA My Account for your personalised contribution room before you start.

Create a savings goal for the account you want to track:

• Name— label it by account, such as “TFSA Room 2026” or “RRSP Room 2026”.
• Target amount— your contribution limit for the year, so the goal fills up as you use your room.
• Deadline— the end of the contribution period (December 31 for the TFSA, or the RRSP deadline in early March), so Cadence can tell you whether you're on pace to maximise it.

Each time you contribute to the account, update the goal so its progress reflects the room you've used. Goals support two tracking modes:

• Manual— enter the amount you've contributed yourself as you go.
• Linked— connect the goal to the account or asset so its value updates automatically, which is handy when you want the contributed total to follow the account balance.

The progress bar shows contributions made against your limit, so the gap between the bar and the target is the room you have left for the year. The status indicator tells you whether you're on pace:

• Completed— you've used your full contribution room for the year.
• On Track(green) — you're on pace to use your room by the deadline.
• Behind(yellow) — you have room left and would need to increase contributions to fully use it.