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TFSA calculator
Calculate to win $5,000Calculate to win $5,000Calculate to win $5,000
Calculate how much you need to save in a tax-free savings account (TFSA) to reach your goals. You’ll get an illustration of savings growth and a comparison of returns between investing in a TFSA and investing in a non-registered account.
Find out more about the TFSA.
Annual income
$
Time horizon for your project
yrs
Do you know the amount you need for your project?
Postal code
Return rate
%
Marginal tax rate
%
  • This calculator is offered for informational purposes only.
  • It is important to check your TFSA contribution limit and respect this limit. Annual contributions are restricted to the annual limit ($6,000 for 2022, $6,500 for 2023, $7,000 for 2024 and $7,000 for 2025). Check the limit for the current year.
  • Since the introduction of the TFSA in 2009, the total contribution limit must not exceed $102,000 in 2025. You may carry forward any unused portion from previous years and add it to your annual contribution limit.
  • The rate of return used for this simulation is 5% by default. Real returns may vary.
  • The marginal rate is rounded based on income and province of residence. If no income is entered, the marginal rate is set to 40% by default.

Your TFSA savings results

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This result is for information purposes only and is calculated based on the information you have provided and one certain assumptions.

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Your TFSA savings results
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