TFSA Calculator
The Tax-Free Savings Account (TFSA) lets investments grow and be withdrawn completely tax-free. This calculator projects your TFSA balance from annual contributions and expected returns.
Educational estimate. Calculator results are for planning and information only, not financial, tax, medical, legal, or engineering advice. Verify important decisions with official sources or a qualified professional.
TFSA Calculator
Tax-Free Savings Account Growth
📐 Formula & Method
TFSA Future Value
All growth is tax-free; no tax on withdrawal.
📋 How to Use
-
1
Enter current TFSA balance.
-
2
Enter annual contribution (up to CRA limit).
-
3
Set return rate and years.
-
4
Click Calculate.
🔬 Methodology & Accuracy
Formula: Projects TFSA balance with annual compounding; contributions capped at the stated annual CRA limit for planning.
Data sources: CRA TFSA limits: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account.html
Last reviewed: June 2026 · General formula used: TFSA Future Value · Accuracy: Results are precise to two decimal places using IEEE-754 double-precision arithmetic. Intended for educational and planning use only.
For informational purposes only. Results are estimates based on the inputs and formulas provided. For financial, tax, medical, or legal decisions, consult a qualified professional. Rates and regulations change — always verify current figures with official sources.