TFSA Calculator

Ever wonder what's so great about TFSAs? This calculator compares your earnings from a TFSA with those from a taxable account with the same interest rate. Now you can actually see what you have to gain with a TFSA.
  • The annual rate of return must be between 0.001% and 50%.
  • Contributions that exceed the $6,000 yearly limit may result in a penalty tax.
Taxable Total
TFSA Total
Tax-free Investment Savings
View Graph View Report Print Results Save/Share Results

Information provided by our online calculators shouldn't be taken as investment or borrowing advice. Because everyone’s situation is unique, calculations and projections only provide general guidance. Calculators can be helpful tools but you should call our Contact Centre at 1.866.863.6237 for advice and information tailored to your specific situation.

Total contribution limits since the introduction of Tax Free Saving Accounts in 2009 through 2022 should not exceed $81,500.