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RRSP vs TFSA Quick Check

See how one equal deposit could grow in each account, and how an RRSP tax deduction changes the comparison.

Compare one deposit

Enter your own assumptions. Both accounts receive the same amount today; there are no later deposits in this quick check.

Your deposit and time frame
Tax assumptions

Use your estimate for the deduction now and the effective tax on this future withdrawal. These may differ from your overall tax rates. The quick check does not calculate tax from province or income.

Growth assumptions

Results are shown in today's dollars using these two rates. Enter 0% inflation to compare future dollar amounts.

YOUR COMPARISON

What could each deposit provide?

Enter your deposit, tax rates, and growth assumptions to compare the accounts.
When the details matter

Planning across many years?

The paid RRSP vs TFSA Planner estimates deduction savings from province and income, models changing annual contributions and income, and shows year-by-year results and withdrawal-tax sensitivity.

Explore the full RRSP vs TFSA Planner

This educational estimate assumes one equal deposit at the start, constant return and inflation, a fully deductible RRSP contribution, sufficient contribution room in either account, and tax-free TFSA withdrawal. RRSP withdrawal tax is modeled as one effective rate. Reinvested RRSP tax savings are shown separately and assumed to grow at the same real return, without tax on that separate investment. Actual tax, account eligibility, investment returns, and withdrawals may differ.