RRSP and TFSA Calculator 2025
Project the growth of your RRSP or TFSA using compound interest. Enter your monthly contribution and investment horizon to see your final value.
Frequently Asked Questions
What is the difference between RRSP and TFSA?▾
RRSP (Registered Retirement Savings Plan) contributions are tax-deductible, but withdrawals are taxed as income. TFSA (Tax-Free Savings Account) contributions are not deductible, but withdrawals are completely tax-free. The best choice depends on your current vs. future marginal tax rate.
What is the RRSP contribution limit for 2025?▾
The 2025 RRSP contribution limit is $32,490, or 18% of your previous year's earned income (whichever is lower). Unused contribution room from previous years accumulates and can be used at any time.
What return is realistic for my RRSP or TFSA?▾
Historically, a diversified portfolio of Canadian and international equities has returned 6% to 8% annually over the long term. A balanced portfolio (50% bonds, 50% equities) typically yields 4% to 6%. These returns are not guaranteed and can vary with market conditions.
When should I start contributing to my RRSP?▾
As early as possible, thanks to the power of compound interest. Someone who invests $500/month at age 25 with a 7% return will accumulate approximately $1.3 million by age 65, versus only $611,000 if they start at 35 — half as much for a 10-year delay.
Is this RRSP calculator accurate?▾
This calculator uses the future value of an annuity formula with monthly interest compounding. Results are estimates based on a constant rate of return. In reality, returns vary year to year. Consult a certified financial planner for a personalized projection.