Do TFSA withdrawals impact government income-tested benefits?

No. TFSA income and withdrawals do not count toward your net income and have zero impact on benefits like Old Age Security (OAS) or the Guaranteed Income Supplement (GIS).

CanadáTax-Free Savings Account (TFSA $7,000 Limit)Finanzas

Canada Tax-Free Savings Account (TFSA) Growth & Lifetime Limit Calculator

Calculate your cumulative lifetime TFSA contribution limit (up to $95,000+ for eligible Canadians aged 18+ since 2009) and 100% tax-free compound investment growth for stocks, ETFs, and high-interest savings.

Ahorro y Depósitos Inversión y Activos Impuestos y Tasas

Datos y Parámetros

En tiempo real

Annual TFSA Deposit Amount (CAD $ - Current Limit $7,000/yr)

CAD $

Selección rápida:

Expected Annual Investment Return (%)7 %

2 %12 %

Investment Time Horizon (Years)20 yrs

1 yrs40 yrs

Resultado CalculadoTax-Free Savings Account (TFSA $7,000 Limit)

Total 100% Tax-Free TFSA Ending Wealth

286,968CAD $

Total Tax-Free Compound Growth & Dividends

146,968 CAD $

Estimated Canadian Taxes Shielded / Saved

25,719 CAD $

Desglose Detallado del Cálculo

Total Principal Saved

140,000 CAD $

Tax-Free Investment Profit

146,968 CAD $

Final TFSA Balance

286,968 CAD $

Metodología de Cálculo

Future Value = Annual TFSA Contribution * [((1 + r)^t - 1) / r]. Total Tax Saved = Tax-free capital gains * Marginal Tax Rate%.

Aviso Legal e Informativo

The annual TFSA dollar limit is $7,000. All investment gains, dividends, and withdrawals are 100% tax-free and do not impact income-tested government benefits (like OAS or GIS).

Esta calculadora es para fines educativos e informativos. Los resultados no constituyen asesoramiento financiero, fiscal o legal vinculante.