TFSA growth calculator
Calculate Canadian TFSA tax-free compound growth and compare total savings against a taxable investment account.
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About this tool
Calculate the growth of your Tax-Free Savings Account (TFSA). Project investment returns over 5 to 40 years and see how many thousands of dollars you save in taxes compared to a taxable brokerage account.
How to use it
- 1 Enter your starting TFSA balance and planned annual contribution (up to $7,000/yr).
- 2 Select your investment time horizon in years and expected annual rate of return.
- 3 Compare your final tax-free balance against a regular taxable portfolio.
Questions
What is the 2024 TFSA contribution limit?
The annual TFSA contribution limit is $7,000. Cumulative lifetime contribution room for eligible Canadian residents who turned 18 before 2009 is $95,000.
Are TFSA withdrawals taxable?
No. All interest, dividends, capital gains, and withdrawals in a TFSA are 100% tax-free. Withdrawn amounts are re-added to your contribution room on January 1 of the following year.
Is my data uploaded?
No. This tool runs in your browser, so your text and files never reach our server.
Is this tool free?
Yes. It’s free to use with no sign-up and no limits for normal use.
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