Use this calculator to understand how much more you could save in a TFSA compared to a regular savings account where earnings are taxable.
Select a province
$ Enter an income amount between $0 - $500,000
$ Enter your starting amount between Your TFSA lifetime contribution limit is .
$0 -
$ Enter contribution amount greater than 0. Your TFSA lifetime contribution limit is .
% Enter interest rate between 1% to 10%
years
Enter value between 1 - 50
Save even more with your TFSA by changing your contribution frequency to biweekly.
Your contribution frequency has changed to biweekly.
Making more frequent contributions can make a difference over time compared to less frequent monthly lumps sum installments.
Your Results
Total saved in TFSA after 10 years
- -
That is - - more than you would have saved in a savings account where earnings are taxable
Complete the fields to see how your money can grow in a TFSA, and the tax dollars you could save.
Taxable Savings Account
TFSA
