TFSA Calculator

Starting Balance

The current amount in any existing TFSAs.

Contribution Amount

The amount you plan to regularly contribute per period.

Contribution Frequency

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

Years to Contribute

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

Annual Rate of Return (%)

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

Annual Income

Your personal income before taxes and/or other deductions.

Benefit received from holding investments in a TFSA

$277.77

Final taxable balance
(non-tax sheltered investment): $6,531.23

Final TFSA balance
(TFSA investment): $6,809.00