CI Investments

TFSA vs Taxable Investment

Use this calculator to compare the growth
of a TFSA to a taxable investment.

Taxable income
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Current TFSA value
Annual TFSA contribution
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Years of growth
Rate of return
Rate of return breakdown: Info Button

Eligible dividends
Capital gains
Taxable Income

Enter the taxable income amount from line 260 of your personal income tax return.
Annual TFSA Contribution

The maximum annual contribution limit for TFSAs in 2019 is $6,000.
Input Error:
Rate of Return Breakdown

The percentage figures for interest, dividends and capital gains do not add up to 100%. Please correct your entries.
Input Error: Rate of return

The maximum rate of return you can enter is 15.00%.
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.
Input Error:
Annual TFSA contribution

The maximum annual contribution you can enter is $5,500.
Investment Value in 18 Years
TFSA Investment
Taxable Investment
TFSA Advantage

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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. ® CI Investments and the CI Investments design are registered trademarks of CI Investments Inc.