Yes it does! We designed the tracker to help you understand your remaining contribution room including your current scheduled contributions across your TFSAs and RRSPs up until the end of the calendar year. Here's an example with a TFSA.
It's January 1 and you already have $5,000 invested into your TFSA. As a new year's resolution, you set up a $300 monthly deposit. Assuming you have full contribution room (let's say it's $52,000 for now), our tracking feature will show you have $43,400 of room remaining.
The calculation works like this: $52,000 - $5,000 - ($300 x 12 months) = $43,400 remaining.
Note: The contribution tracker only takes into account contributions to Invest accounts. This feature is not able to keep track of contributions made outside of Wealthsimple Invest, including contributions made to RRSP or TFSA accounts on Trade.