TFSA vs Taxable Investment

Use this calculator to compare the growth of a TFSA to a taxable investment.

Where do you live?

Alberta

Taxable income (maximum value $1,000,000)

100,000

Taxable Income
Enter the taxable income amount from line 260 of your personal income tax return.

Current TFSA value (maximum value $250,000)

10,000

Annual TFSA contribution (maximum value $6,000)

1,000

Annual TFSA Contribution
The maximum annual contribution limit for TFSAs in is $.

Input Error:
Annual TFSA contribution
The maximum annual contribution you can enter is $.

Years of growth (maximum value 50 years)

Rate of return (maximum value 16%)

6.00%

Rate of return breakdown:

Rate of Return Breakdown

This shows how the rate of return for the Taxable Investment is broken down between Interest, Eligible Dividends and Capital Gains. For example, the return on savings account would typically be 100% interest. The return for a mutual fund with stock and bond holdings could be made up of Interest, Eligible Dividends and Capital Gains.

Rate of Return Breakdown
The percentage figures for interest, dividends and capital gains do not add up to 100%. Please correct your entries.

Rate of return
The maximum rate of return you can enter is %.

Interest (maximum value 100%)
	33.33%
Eligible dividends (maximum value 100%)
	33.33%

Capital gains	33.33%

Investment Value in 18 Years

TFSA Investment

Taxable Investment

TFSA Advantage

PDF

Assumptions

Disclaimer

TFSA versus Taxable Investment

Use this calculator to compare the growth of a TFSA to a taxable investment.

Where do you live?	Alberta
Your taxable income:	$55,000
Current TFSA value::	$10,000
Annual TFSA contribution:	$1,000
Years of growth:	25
Rate of return:	6.00%
Rate of return breakdown:
Interest	33.33%
Eligible dividends	33.33%
Capital gains	33.34%

Assumptions

Disclaimer