TFSA growth
The Tax-Free Savings Account (TFSA) lets you grow investments tax-free. Contributions aren't deductible, but gains aren't taxed. This simulator projects growth based on your contributions and a rate of return (2026 limit: $7,000).
TFSA = Tax-Free Savings Account.
10 years
Results
Estimated future value$181,807.95
Visualisation
Details
Total contributed$120,000.00
Future value = current balance compounded + series of annual contributions compounded (compound interest at the rate entered). Each year: new balance = previous balance × (1 + rate) + contribution. Total contributed = contribution × years.