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TFSA savings calculator

Since a Tax-Free Savings Account (TFSA) is a registered
account that provides tax benefits, it’s a great way to save.
In most cases, investment income isn’t taxed, even when
withdrawn. Try the calculator below to estimate the future
values of your TFSA.

The amount of tax paid on an additional dollar of income. You can calculate your marginal tax rate here.

How many years does your TFSA have to grow?

yrs

Enter the amount you currently hold in your TFSA. This includes any contributions you've made as well as investment gains or losses.

The maximum amount that you can contribute to your TFSA is limited by your TFSA contribution room, the dollar limit for 2017 is $5,500. Visit the CRA website for more details.

The expected annual rate of return on your investment over the investment time frame. Some investements have a set rate of return.

The amount you saved in taxes by saving using a TFSA vs. an RRSP.

This tool is for illustrative purposes only, and the information obtained by using this tool is not, and should not be taken as, investment or financial advice to any person or company. Click here to view full disclaimer.