TFSA/RRSP Investment Comparison
| Alberta |
|
100,000
Taxable income when you contribute
Enter the taxable income amount from line 260 of your personal income tax return when you contribute to the TFSA or RRSP. |
|
50,000
Taxable income when you withdraw
Enter the taxable income amount from line 260 of your personal income tax return when you withdraw from the TFSA or RRSP. |
|
10,000
Contribution amount
The maximum annual contribution limit for TFSAs in 2019 is $6,000 and $26,500 for RRSPs. |
|
Spend or invest
If you select 'invest', the refund is invested in the RRSP. If you select 'spend', the refund is spent elsewhere making the RRSP contribution the same as the after-tax TFSA contribution amount. |
|
25
|
|
6.00%
Input Error: Rate of return
The maximum rate of return you can enter is 15.00%. |
Net Amount in 18 Years
TFSA
RRSP
| Contribution | TFSA | RRSP |
| Pre-tax dollars | $10,000 | $10,000 |
| Tax at % | $3,600 | $0 |
| After-tax dollars | $6,400 | $10,000 |
| Investment value in years | $27,648 | $42,919 |
| Tax at % | $27,648 | $42,919 |
| Net amount in years | $27,648 | $29,185 |