TFSA Contribution Room Calculator

Tax Free Savings CalculatorOur TFSA Calculator will help you to calculate this year’s contribution limit, as well as total contribution room available in your Tax-Free Savings Account. The calculator will also illustrate the tax efficiency of investing inside a TFSA, and the financial benefit gained by having your investment income shielded from taxes. Contact us for more information and check out some of our other financial calculators .

Calculate TFSA contribution limit and tax savings:
TFSA Account History
1

Year of Birth:

(using the dropdown menu, please select the year in which you were born.)

2

Gross Annual Income:

(select from the dropdown list your annual income bracket, before tax and / or other deductions.)

3

TFSA Contributions:

(if any, the total amount of all the contributions already deposited to your TFSA.)

$
4

TFSA Withdrawals:

(if any, enter the total amount of all the withdrawals taken from your TFSA in this calendar year.)

$
Future TFSA Contributions

    Current TFSA Balance:

    (The current amount in any existing TFSAs.)

    5

    Contribution Amount:

    (an amount that you contribute to a TFSA on a regular basis or plan on doing so in the future.)

    6

    Contribution Frequency:

    (the frequency of regular contributions to the TFSA: choose between monthly or yearly.)

    7

    TFSA Investment Term:

    (select the number of years that you plan on making regular contributions into your TFSA.)

    years
    8

    Annual Rate of Return:

    (choose an annual interest rate that you might expect for your TFSA investments to earn.)

    %
      TAX FREE SAVINGS ANALYSIS

      The year you turned 18:

      TFSA room available today:

      TFSA room available next year:

      Un-sheltered taxable account total:

      Tax-free savings account balance:

      Tax-free savings account difference: 


      DISLCAIMER: The administrator and owner of this website takes no responsibility for any financial decisions made based upon the use of this calculator. The information provided by this calculator is intended solely for general information and educational purposes. Rates of return may fluctuate over time and especially for long-term investments. Final calculated results are not guaranteed to be completely accurate and are in no way endorsed, offered or guaranteed by Savii Financial Concepts. Copyright© 2017 Saviifinancial.com
      css.php