TFSA Growth Planner (Canada)

A simple, plain-English calculator to see how your money can grow tax-free in a TFSA. Adjust your plan and watch compounding do the work.

Your Inputs

Initial Investment (what you already have)

Starting from zero? Enter 0.

Monthly Contribution (set & forget)

Automating contributions removes guesswork and builds the habit.

Estimated Annual Return (before fees)

Long-term, a balanced ETF portfolio often averages 4–8%/yr. Pick a number you feel comfortable with.

Time Horizon (Years)

How long you’ll let the money grow before using it.

Advanced (optional)

Annual Fee/Cost (MER) (optional drag on returns)

Enter 0 if unsure. Low-cost ETFs often sit around 0.05%–0.30%.

Results

Estimated Future Value

Your Contributions

Tax-Free Gains

Effective Annual Return

How this works: We compound monthly on your contributions and apply your annual return minus any optional fee evenly over the year. This is a simplified, sensible estimate for most plans.

Disclaimer: Educational tool only. It doesn’t check TFSA contribution room or penalties and ignores taxes outside the TFSA. Market returns vary and are not guaranteed. Verify your situation with your provider and the CRA.