TFSA Savings Calculator

Introduction

Estimate how a TFSA balance could grow using current savings, annual contributions, assumed return, and years invested.

About this tfsa savings tool

TFSA Savings Calculator is designed for a focused everyday task where a quick browser-based calculation or conversion is more useful than a full spreadsheet. Review the inputs carefully, then use the result as a practical planning aid.

How this tool works

Enter the values requested by the page, review the result, and change one input at a time if you want to compare scenarios. Keeping the assumptions visible makes the output easier to interpret and easier to verify elsewhere.

1. Enter current TFSA balance, annual contribution, assumed return, and time horizon.
2. Review projected balance, total contributions, and estimated growth.
3. Compare contribution scenarios while checking your own TFSA room separately.

When to use this tool

Use the tool for quick checks, estimates, and everyday planning. For official, regulated, legal, tax, payroll, medical, or high-value decisions, verify the result with the relevant provider, authority, or qualified adviser.

Good to know

• Estimates only. The calculator does not know your personal TFSA room, withdrawals, penalties, eligible investments, or fees.
• Check CRA guidance, financial institution records, and professional advice before contributing or investing.

Country-specific assumptions

• GST/HST presets are editable planning constants and do not include separate PST, QST, or RST unless the province uses HST.
• Canadian mortgage payments use a common semi-annual compounding convention for estimates.
• Salary and TFSA results are estimates only; check CRA guidance, your province/territory rules, plan room, lender terms, or professional advice.

Results are estimates only. Do not use this page as regulated financial, tax, legal, payroll, mortgage, or investment advice; check official government sources, provider documents, or a qualified professional before making final decisions.