RRSP vs. TFSA Calculator

Compare your after-tax retirement wealth from an RRSP versus a TFSA based on your current and expected retirement tax rates.

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RRSP is generally better when your current marginal rate is higher than your expected retirement rate. TFSA is generally better when rates are equal or your retirement rate is higher. The 2024 RRSP deduction limit is 18% of earned income (max $31,560). The 2024 TFSA annual room is $7,000. This is for educational purposes only; consult a licensed financial planner or CPA for personalized advice.