You are now leaving our website and entering a third-party website over which we have no control.
You are now leaving our website and entering a third-party website over which we have no control.
TD Bank Group is not responsible for the content of the third-party sites hyperlinked from this page, nor do they guarantee or endorse the information, recommendations, products or services offered on third party sites.
Third-party sites may have different Privacy and Security policies than TD Bank Group. You should review the Privacy and Security policies of any third-party website before you provide personal or confidential information.
Legal Footnotes:
1 Annual contribution limit for 2024 is $7,000. Annual contribution limit for 2023 was $6,500. Annual contribution limit from 2019 to 2022 was $6,000 and from 2016 to 2018 it was $5,500. Annual contribution limit for 2015 was $10,000. Annual contribution limit from 2013 to 2014 was $5,500. Annual contribution limit from 2009 to 2012 was $5,000. Annual TFSA contribution limit subject to change by the federal government.
Tax-Free and taxable investment results are approximations and do not reflect actual returns
Assumptions:
Taxes are based on the annual income entered plus any compounded growth assuming no other deductions, credits, or earnings.
The initial contribution is immediate and then the incremental contributions are at the start of the "next" recurring period. (Example: customer contributes $1000 today and sets up a monthly recurring payment. The first recurring contribution does not hit the account until the first day of the second month).
Taxes are applied at the end of each year and no withdrawals are made from the account including tax which is assumed to be paid from an external account.
The growth shown is pre-tax within the TFSA savings calculations while the non-registered accounts balance applies the 2019 federal and provincial/territorial tax rates.
Taxes are an approximation and may not include surtax or other special levies such as provincial health premiums. Your actual tax rate may vary. Other registered plans are not considered (i.e., RRSP, RESP, RIF, etc.)
Interest rate: Default 5.00%, range 0.00% - 15.00%
Timeline: Default is 10 years, range from 1 - 50 years