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).

CanadaTax-Free Savings Account (TFSA $7,000 Limit)Finance

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.

Épargne et Dépôts Investissement et Actifs Impôts et Taxes

Données du Simulateur

En temps réel

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

CAD $

Sélection rapide :

Expected Annual Investment Return (%)7 %

2 %12 %

Investment Time Horizon (Years)20 yrs

1 yrs40 yrs

Résultat CalculéTax-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 $

Détail du Calcul

Total Principal Saved

140,000 CAD $

Tax-Free Investment Profit

146,968 CAD $

Final TFSA Balance

286,968 CAD $

Méthodologie de Calcul

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

Avertissement Légal et Pédagogique

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).

Ce simulateur est conçu à des fins éducatives et informatives. Les résultats ne constituent pas un conseil financier, fiscal ou juridique contraignant.