Contribution Room
Track TFSA, RRSP, and FHSA contribution room and registered account limits.
What Is Contribution Room?
If you have Canadian registered accounts (TFSA, RRSP, or FHSA), each has an annual contribution limit set by the CRA. Cadence helps you track how much room you have left so you don't accidentally over-contribute.
Supported Account Types
Cadence tracks contribution room for three registered account types:
- TFSA — Tax-Free Savings Account
- RRSP — Registered Retirement Savings Plan
- FHSA — First Home Savings Account
Each has different annual limits and lifetime rules.
Setting Up Contribution Tracking
When you add a registered account in Net Worth → Assets, you can specify the account type. Cadence will prompt you to enter your total contribution room (available from your CRA My Account or latest Notice of Assessment).
Tracking Contributions
As you add contributions to your registered accounts, Cadence deducts them from your available room. The remaining room is displayed on the account detail screen so you always know how much you can still contribute this year.
Annual Limit Updates
The CRA announces new contribution limits each year. Cadence updates the annual TFSA, RRSP, and FHSA limits so your available room stays accurate. Unused TFSA and RRSP room carries forward to future years.