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Calculator - Tax-Free Savings Account

How much can you save using a tax-free savings account (TFSA)?

Calculate your tax Savings when you use a tax-free savings account.

Tax-Free Savings Account (TFSA) Calculator

One of the main benefits of a tax-free savings account is that the interest you earn on your contribution is tax-exempt!


Make the most of your tax savings by investing your TFSA in a term deposit investment product. The maximum rate of return for the five-year Advantage Market investment is 20%. Now do the math on that!


Use the TFSA calculator to determine your tax savings.


  • The amount of funds in a pre-existing TFSA account (if available)

  • Monthly contribution you had in mind

  • Annual rate of return







These calculators are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please visit your branch to seek personalized advice from qualified professionals for all personal finance issues.


Total contribution limits from the introduction of Tax Free Saving Accounts in 2009 through 2019 should not exceed $57,500.