The TFSA vs RRSP Optimizer
Stop guessing. Use the math of Canadian tax brackets to discover which account you should max out first.
Your Tax Profile
Before taxes.
$
How much income you'll draw per year in retirement (in today's dollars).
$
The Math Says:
TFSA
Since your current tax bracket is lower than or equal to your expected retirement bracket, you get no immediate benefit from an RRSP tax deduction. Max out your TFSA first so all your growth is tax-free!
Open the Right Account for Free
Whether the math says TFSA or RRSP, Wealthsimple offers both with absolutely $0 account fees and $0 commission trading.
One question we hear often is holding crypto ETFs in a TFSA — legal via listed ETFs, but the loss rules are unforgiving.