Compare TFSA, RRSP, and FHSA outcomes using explicit assumptions and after-tax results.
No opinions. No hidden assumptions. Just arithmetic.
This is the cash you have available to allocate to these accounts under your current marginal tax rate.
Same net return is applied to all accounts. No asset-location modeling in this version.
Use our Canada Personal Income Tax Calculator to help estimate these rates.
Spend refund immediately (default). Toggle to see a reinvested-refund scenario.
FHSA home withdrawal must generally occur within 15 years of opening the account. This tool assumes you are within that window if you check “plan to buy”. Lifetime FHSA caps are not modeled in this version; we only apply the annual room you specify here.
All contributions to TFSA
$—
All contributions to RRSP
$—
RRSP withdrawals taxed at t_ret; RRSP/FHSA refunds handled using the toggle above.
FHSA eligibility and annual room determine how much can be allocated to FHSA before spilling to TFSA or RRSP.
For TFSA room calculations, use the TFSA Contribution Room Calculator.
For estimating tax rates, use the Canada Personal Income Tax Calculator.
For mortgage trade-offs, consider the Pay Off Mortgage vs Invest tool.
Educational arithmetic only. Verify with your own assumptions and professional advice if needed.