The Tax-Free Savings Account (TFSA) enables eligible Canadian residents to earn tax-free investment income. The TFSA is useful for both long-term and short-term saving goals. This account can be used to build an emergency fund, save for a car, renovations, vacations, or even to start a small business

This calculator is simply a tool you can use for illustrative purposes and is not intended to provide investment advice. The applicability and accuracy of the calculations are not guaranteed. ​