Which Account Should You Max First?

The age-old Canadian question: RRSP or TFSA? The answer depends on your current tax bracket versus your expected retirement tax bracket. RRSP contributions give you tax relief now, while TFSA contributions give your tax-free growth forever.

Use the calculator below to get a personalized recommendation based on your income, age, and province. We'll show you the tax math and explain why one account makes more sense for your situation. For most young Canadians building their first $100K, the answer might surprise you.