Home/Savings & Investing/TFSA · RRSP · FHSA
🍁Canadian Registered Accounts2025 limits
TFSA: $7,000/yrRRSP: 18% income / $32,490FHSA: $8,000/yr · $40,000 lifetimeHBP: up to $60,000
🏦TFSA
$407,095
projected balance
Tax-free gains
$232,095
Contributed
$175,000
📈RRSP
$407,095
projected balance
After-tax value
$305,321
Est. tax refunds
$61,250
🏠FHSA
$150,181
projected balance
FHSA + HBP
$185,181
Down pmt gap
$0
⚖COMPARE
$407,095
TFSA after-tax
RRSP after-tax
$723,862
FHSA (home)
$150,181
Tax-Free Savings Account
⚙Assumptions
Starting balance
$
Annual contribution
$
Capped at $7,000/yr (illustrative).
Years to grow
yr
Expected return
% / yr
Projected balance
$407,095
Total contributed
$175,000
Investment gains
$232,095
Tax-free
Annual limit
$7,000
2025 illustrative
📈Balance growth
📊Contributions vs growth
🏦TFSA Rules
▸Annual limit (2025): $7,000/yr
▸Unused room carries forward indefinitely - no deadline.
▸Withdrawals are tax-free and restore the same room the following Jan 1.
▸No tax deduction on contributions - but all growth and withdrawals are non-taxable.
▸Eligible at age 18+ (Canadian resident); room accumulates from 18.
▸Can hold: ETFs, GICs, stocks, bonds, mutual funds, cash savings.
CRA - TFSA rules ↗
▦How accounts compare▼
⚠Disclaimer▼