Free calculator
The right account depends on your number.
RRSP, TFSA, or FHSA — the answer changes based on your income, province, and goal. Enter your details and see exactly which saves more, and why.
No sign-up requiredMath shown, no jargonUpdated for 2025 limits
Your details
$8,000
$500$13,500
Your results
RRSP
Registered Retirement Savings Plan
$2,372
tax saved this year
TFSA
Tax-Free Savings Account
$0
tax saved this year
FHSA
First Home Savings Account
Select first home purchase goal
How we got there
ProvinceOntario
Employment income$75,000
Marginal tax rate29.65%
2025 RRSP room$13,500
2025 TFSA room$7,000
2025 FHSA room$8,000
Tax without RRSP$16,973
Tax with RRSP$14,601
RRSP refund$2,372
Estimate based on 2025 CRA rates. Speak to a fee-only planner for advice specific to your situation.
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