TFSA vs Taxable Investment
Use this calculator to compare the growth of a TFSA to a taxable investment.
| Alberta |
|
55,000
Taxable Income
Enter the taxable income amount from line 260 of your personal income tax return. |
|
10,000
|
|
1,000
Annual TFSA Contribution
The maximum annual contribution limit for TFSAs in is $.
Input Error:
Annual TFSA contribution The maximum annual contribution you can enter is $. |
|
25
|
|
6.00%
|
| Rate of return breakdown: |
Rate of Return Breakdown
This shows how the rate of return for the Taxable Investment is broken down between Interest, Eligible Dividends and Capital Gains. For example, the return on savings account would typically be 100% interest. The return for a mutual fund with stock and bond holdings could be made up of Interest, Eligible Dividends and Capital Gains.
Rate of Return Breakdown
The percentage figures for interest, dividends and capital gains do not add up to 100%. Please correct your entries.
Rate of return
The maximum rate of return you can enter is %. |
| Interest | |
|
33.33%
|
|
| Eligible dividends | |
|
33.33%
|
|
| Capital gains |
33.33%
|
Investment Value in 18 Years
TFSA Investment
Taxable Investment
TFSA Advantage
Assumptions
Disclaimer
Disclaimer
TFSA versus Taxable Investment
Use this calculator to compare the growth of a TFSA to a taxable investment.
| Where do you live? | Alberta |
| Your taxable income: | $55,000 |
| Current TFSA value:: | $10,000 |
| Annual TFSA contribution: | $1,000 |
| Years of growth: | 25 |
| Rate of return: | 6.00% |
| Rate of return breakdown: | |
| Interest | 33.33% |
| Eligible dividends | 33.33% |
| Capital gains | 33.34% |
Assumptions
Disclaimer