Inputs
Comparison results
Enter assumptions and click Calculate to compare projected TFSA and RRSP after-tax outcomes.
Summary
Click Calculate to compare outcomes.
Projection details
Year-by-year projection
| Year | TFSA balance |
RRSP pre-tax balance |
RRSP after-tax balance |
|---|
Assumptions and disclosure
This calculator uses simplified deterministic projections with constant contribution amounts, constant tax rates, and a constant investment return assumption. No inflation adjustment is included unless added later.
TFSA growth is treated as tax-free. RRSP contributions are assumed to generate an upfront deduction based on the entered current marginal tax rate, and RRSP withdrawals are estimated using the entered retirement marginal tax rate.
Same nominal contribution compares equal contribution dollars. Same out-of-pocket cost grosses up the RRSP contribution to reflect the tax deduction, so the estimated net cash cost approximates the entered contribution amount.
The calculator does not validate RRSP or TFSA contribution room, model pension income, OAS, GIS, employer plans, behavioural considerations, changing tax brackets, fees, or household-level planning interactions.
The RRSP gross-up assumes the taxpayer has sufficient RRSP contribution room and can use the deduction at the entered current marginal tax rate.
Educational information only. This tool is not financial, tax, legal, accounting, investment, retirement, estate, or cross-border planning advice.