TFSA Calculator

Our Tax-Free Savings Account Calculator helps to quantify the financial benefits of investing through TFSAs when investment income is shielded from taxes.

Starting Balance

The current amount in any existing TFSAs.

Contribution Amount

The amount of the routine investment into the TFSA.

Contribution Frequency

The frequency of contributions to the TFSA: weekly, bi-weekly, semi-monthly, monthly or yearly.

No. of Contribution Years

The number of years that investments will be made to the TFSA.

Annual Rate of Return

The annual interest rate you expect to receive from your TFSA investment.

Annual Income

Your personal income before taxes and/or other deductions.

Tax-free Investment Savings:

Taxable account total:

TFSA total:

These calculators are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please visit your branch to seek personalized advice from qualified professionals for all personal finance issues.

Total contribution limits from the introduction of Tax Free Saving Accounts in 2009 through 2023 should not exceed $88,000.

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