TFSA vs Taxable Investment
Use this calculator to compare the growth of a TFSA to a taxable investment.
| Where do you live? | 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 2022 is $6,000.
Input Error:
Annual TFSA contribution The maximum annual contribution you can enter is $6,000. |
|
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 15.00%. |
| Interest | |
|
33.33%
|
|
| Eligible dividends | |
|
33.33%
|
|
| Capital gains |
33.33%
|
Investment Value in 18 Years
TFSA Investment
Taxable Investment
TFSA Advantage
Assumptions
Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. ©Copyright 2022 Ativa Interactive Corp. All rights reserved. Powered by Ativa.com.
Calculations use marginal tax rates as of January 2022. Rates take all federal and provincial taxes and surtaxes into account and the basic personal tax credit. The after-tax rate of return on the taxable investment is calculated using these marginal tax rates - 33.00% for Interest, 9.63% for Eligible Dividends and 16.50% for Capital Gains. Annual contributions are made at the start of the year.
Disclaimer
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results. ©Copyright 2022 Ativa Interactive Corp. All rights reserved. Powered by Ativa.com.
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
This calculator is for educational purposes only. All charts and illustrations are for illustrative purposes only and are not intended to illustrate the performance of any security or portfolio. You should not rely on the results as an indication of your financial needs and we recommend that you seek your own financial, investment, tax, legal or accounting advice nor shall the information herein be considered as investment advice or as a recommendation to enter into any transaction. Professional advice should be obtained prior to acting on the basis of this information. The deduction of advisory fees, brokerage or other commissions and any other expenses that would have been paid may not be reflected in the calculation results.©Copyright 2022 Ativa Interactive Corp. All rights reserved.