TFSA vs. RRSP

There are many factors that can impact the decision to put your money in a TFSA or RRSP. It is a question we are frequently asked, and the answer always is “it depends”. However, based on your current income, your income at the time of withdrawal, and how the investment grows over a set period of time, one may be more advantageous over another. Use the calculator below to determine which scenario may make the most sense for you.