RRSP vs TFSA Calculator
Compare after-tax wealth between an RRSP and a TFSA based on your income today and your expected income at withdrawal. Updated for 2026 tax rates.
Your Situation
Your tax rate at withdrawal determines which account wins
Same dollar amount deposited each year
RRSP wins because your tax rate at withdrawal (23.2%) is lower than your current rate (29.6%).
RRSP After-Tax Value
$446,932
TFSA After-Tax Value
$409,130
Your Rate Now
29.65%
on $90,000 income
Rate at Withdrawal
23.15%
on $54,000 income
Calculation Breakdown
| RRSP annual contribution (pre-tax) | $10,000 |
| RRSP projected balance | $581,564 |
| Tax at withdrawal (23.2%) | −$134,632 |
| RRSP after-tax value | $446,932 |
| TFSA annual contribution (after-tax at 29.6%) | $7,035 |
| TFSA projected value (no withdrawal tax) | $409,130 |
| TFSA after-tax value | $409,130 |
| RRSP wins by | $37,802 |
Related Calculators
RRSP Contribution Room Calculator
Find out how much RRSP room you have available before deciding how much to contribute.
RRSP Withdrawal Tax Calculator
Calculate withholding tax and actual tax on RRSP withdrawals before and after retirement.
TFSA Contribution Room Calculator
See how much TFSA room you have available to contribute this year.
Income Tax Calculator
See your full tax breakdown and how an RRSP deduction reduces your tax bill this year.