RRSP vs TFSA contribution impact
Superseded by Pro Analysis
Compare after-tax outcomes for contributing to an RRSP (and investing the tax refund) versus contributing to a TFSA.
Assumptions: RRSP contributions reduce taxable income at the current marginal rate. Withdrawals from RRSP are taxed at the marginal rate at withdrawal. TFSA grows tax-free. This is illustrative only.