Financial Tools

TFSA Growth Helper – Tax-Free Savings Calculator

Get a simple projection of how your Tax-Free Savings Account could grow with your current balance, any lump-sum you add today, monthly contributions, and an assumed rate of return.

You can also compare this with your longer-term retirement savings in the RRSP Growth Starter or your mortgage plans in the Mortgage Booster.

1. Enter Your TFSA Details

Years you plan to keep contributing

Current TFSA balance ($)

Extra lump-sum contribution now ($) Optional – for cash you plan to move in right away.

Monthly TFSA contribution ($)

Expected annual return (%)

This is a simplified projection using steady monthly contributions and a constant rate of return. Real markets move up and down, and TFSA contribution limits still apply.

2. See Your TFSA Picture

A calm snapshot of how today’s TFSA could grow with your plan.

Time and projected value

⏱️ Years until goal

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📦 Projected TFSA value

What you’ll have contributed

💰 Total contributions (including today’s balance)

📈 Estimated growth (tax-free)

🌱 Share of final value from growth

Enter your information to see how much comes from contributions versus tax-free growth.

Enter your time horizon, current balance, and contributions to see how your TFSA could grow in this simple projection.

This projection doesn’t track TFSA room, withdrawals, or fees. It’s a starting point for thinking about how your savings habits and time horizon work together.