TFSA or RRSP?Follow the tax.
Put the same pre-tax dollars in either account and see what each leaves you after tax. You give your tax rate now and the one you expect later; habitt does not guess your bracket.
This year’s limits
Unused room carries forward. Your own room is on your CRA My Account.
Compare
Your marginal rate, federal plus provincial.
What it works out to
Fill in every box to see the result.
How this calculator works
Same growth, different tax timing
Money in a TFSA or an RRSP grows without yearly tax. An RRSP contribution is deducted from your income now and taxed when you take it out. A TFSA is paid in with money you have already paid tax on, and comes out tax-free.
Two tax rates decide it
If your tax rate now is higher than when you take the money out, the RRSP leaves you more. If it will be higher later, the TFSA does. You enter both rates: habitt does not guess your tax bracket.
This year’s limits
The TFSA limit for 2026 is $7,000. New RRSP room is 18% of last year’s earned income, up to $33,810 for 2026 ($35,390 for 2027). Unused room carries forward. Your own room is on your CRA My Account.
Old Age Security
RRSP withdrawals count as income. Once your income passes $95,323 (2026), part of your OAS is paid back. TFSA withdrawals don’t count.
Sources
Government figures checked on October 31, 2026. Sources:
- www.canada.ca/en/revenue-agency/services/tax/individuals/topics/tax-free-savings-account/contributing/calculate-room.html
- www.canada.ca/en/revenue-agency/services/tax/registered-plans-administrators/pspa/mp-rrsp-dpsp-tfsa-limits-ympe.html
- www.canada.ca/en/services/benefits/publicpensions/old-age-security/recovery-tax.html
An estimate to help you think it through, not financial or tax advice.
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