Free Financial Calculators for Canadian Families

Province you pay tax in

The territories (Yukon, Northwest Territories, Nunavut) are not modelled yet — we do not apply British Columbia rules to them.

Income you expect this year (CAD)

$

Money out of your pocket each month (CAD)

$

The same amount goes into either account, so the comparison is fair.

One-off amount now (CAD)

$

Years invested

yrs

Tax rate you expect when you withdraw the RRSP

%

Your rate on today's income is about 28.2%. Lower later favours the RRSP; higher later favours the TFSA.

RRSP or TFSA