TFSA vs RRSP Comparison Calculator

TFSA vs RRSP Calculator

After-tax comparison

Compare projected after-tax outcomes when investing the same annual take-home amount using a TFSA or RRSP.

You can choose whether RRSP tax refunds are spent or reinvested. Reinvesting refunds can materially change results.

Inputs

Annual amount you can invest (after tax, CAD)

Current marginal tax rate (%)

Expected retirement tax rate (%)

Expected annual return (%)

Years invested

RRSP refund assumption

Results

Ready

TFSA projected value (after tax)

$0.00

RRSP annual contribution used

$0.00

RRSP projected value (before tax)

$0.00

RRSP projected value (after tax)

$0.00

Estimated annual RRSP refund

$0.00

Total nominal refunds over period

$0.00

Outcome difference

$0.00

Tax-rate gap (current minus retirement)

0.00%

Enter values, then click Calculate.

This is a simplified projection. It assumes a constant return and tax rates. It does not model provincial brackets, OAS/GIS clawbacks, pension income splitting, or contribution room constraints.