TFSA Calculator
Compare tax-free TFSA growth against a regular taxable account.
Your inputs
TFSA vs taxable account over 25 years
- TFSA
- Taxable
Frequently Asked Questions
How much is the 2026 TFSA contribution limit?
The 2026 annual TFSA contribution limit is $7,000. Total cumulative room since 2009 for someone eligible the whole time is $109,000.
What makes TFSA growth "tax-free"?
Contributions are made with after-tax dollars, but any interest, dividends, or capital gains inside the account grow tax-free forever. Withdrawals are never taxed and never trigger clawbacks of OAS or GIS.
Should I choose TFSA or RRSP?
RRSP wins when your marginal rate today is higher than in retirement (typically high earners). TFSA wins when your rate is lower now, when you want flexibility, or when you want to avoid OAS clawback in retirement.
What happens if I over-contribute?
The CRA charges 1% per month on any excess amount until you withdraw it. Always check your contribution room in CRA My Account before contributing.
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