TFSA vs RRSP

Enter your income, age, and time horizon. See which account wins for your situation — and why.

Now

Current annual income$75,000

$20,000$200,000

Current age30

1870

In retirement

Expected retirement income$50,000

$15,000$150,000

Investment

Amount to invest$7,000

$500$20,000

Years to grow30 yrs

545

Expected return7.0 %

212

Margin: about $6,802 more in retirement

🧊

Tax-free forever

After 30 years (after tax)

$53,286

$7,000 contributed (after tax)

🧮 Winner

Tax now, refund reinvested

After 30 years (after tax)

$60,088

$9,929 grossed up

If you've never contributed and you're 30 years old (eligible since 2014):

$83,500

That's 13 years × annual limits since you turned 18.