We strive to make our calculators as accurate as possible using the latest official data from the CRA and provincial sources. However, this calculator is for educational purposes only and should not be considered financial, tax, or legal advice. Tax rules are complex and may not reflect your exact situation. By using this calculator, you agree that results are estimates only. Please consult with a qualified financial advisor before making investment or tax decisions.
Compare after-tax outcomes to see when an RRSP or TFSA is better for you.
Your $0 RRSP contribution reduces your AFNI from $0 to $0, increasing your CCB by $0/year.
Your projected retirement income exceeds the OAS clawback threshold of $96,800. In the first year of retirement, you will lose approximately $0 in OAS benefits.
Lifetime OAS clawback: $0 (Consider RRSP meltdown strategy to reduce this)
Enter your details and click compare to see the projection
| Year | Age | Income | RRSP Contrib | TFSA Contrib | RRSP Balance | TFSA Balance | Marginal Rate |
|---|---|---|---|---|---|---|---|
| No calculations yet | |||||||
CPP: $0
OAS: $0
RRIF Withdrawal: $0
TFSA Withdrawal: $0
Primary Income: $0
Spouse Income: $0
Tax on RRIF: $0
Net After-Tax (RRSP): $0
OAS Clawback: $0
Taxes (Total): $0
Expected Tax Rate (Year 1): 0%
Primary Taxpayer
Age Credit: $0
Pension Credit: $0
Total Credits: $0
Spouse
Age Credit: $0
Pension Credit: $0
Total Credits: $0
| Age | CPP Income | OAS Income | Other Income | Primary Income | Spouse Income | Taxes (Primary) | Taxes (Spouse) | RRSP End Bal | TFSA End Bal |
|---|---|---|---|---|---|---|---|---|---|
| No calculations yet | |||||||||