This hub has 15 calculators for saving and drawing retirement income in Canada: RRSP, TFSA, FHSA and RESP accounts, plus CPP, OAS, RRIF and the tax on each. Registered accounts change when you pay tax, so the order you draw on them can matter as much as how much you save. Most people only think about that once retirement is close.
Want to see how a contribution lowers this year’s tax bill? Try the RRSP calculator. To check what you can still add, use the TFSA room calculator.
Which account should hold my savings?
- Retirement Savings Calculator
Project your savings at retirement and the monthly income they can pay, with CPP and OAS added.
- RRSP Tax Savings Calculator
Estimate the tax an RRSP contribution saves you and check it against your RRSP room.
- RRSP Withdrawal Tax Calculator
See the tax withheld on an RRSP withdrawal and the real tax you will owe when you file.
- TFSA vs RRSP Calculator
Compare a TFSA and an RRSP after tax using your tax rate today and on withdrawal, growth and years.
- RRIF Withdrawal Tax Calculator
Work out your RRIF minimum by age, the tax on your withdrawal by province and the withholding on the part above the minimum.
- RRSP vs Mortgage Paydown Calculator
Compare putting cash in an RRSP and reinvesting the refund with paying down your mortgage, and find the break-even return.
- Retirement Savings Goal Calculator
Start from the yearly after-tax income you want in retirement and see the nest egg and monthly saving it takes.
- Spousal RRSP Calculator
Estimate the lifetime tax saved by contributing to a spouse's RRSP and check the three-year attribution rule.
- TFSA Contribution Room Calculator
Work out your TFSA room for 2026 from your birth year, contributions and withdrawals.
- FHSA Calculator
Find your First Home Savings Account room and the tax saved by the deduction.
- RESP and Education Grant Calculator
Project an RESP with the Canada Education Savings Grant and see the balance at 17.
- CPP Retirement Pension Calculator
See how your start age changes your CPP pension, or get a rough guess from your work history.
- Old Age Security Calculator
Estimate your OAS pension from your years in Canada and start age, with the recovery tax on higher income.
- Retirement Income Tax Calculator
Estimate the tax on CPP, OAS, pension and RRIF income, including the OAS recovery tax.
An RRSP deposit cuts your tax now and the withdrawals are taxed later. A TFSA gives no deduction, but the growth and the withdrawals stay untaxed. If you can’t pick, the TFSA vs RRSP calculator compares what each leaves after tax at your rate today and in retirement, including the OAS clawback.
A first home gets its own account, the FHSA. The FHSA calculator shows the deductions and growth toward a down payment. Saving for a child? The RESP calculator adds the federal grant to what you put in.
RRSP, spousal RRSP or the mortgage?
With a mortgage still running, the question is where the next thousand bucks does more. The RRSP vs mortgage paydown calculator sets an RRSP deposit plus its refund against paying down the loan and shows the break-even return.
If your spouse will likely earn less in retirement, the spousal RRSP calculator estimates the lifetime tax a spousal plan could save and checks the three-year attribution rule, so you don’t trip it on a withdrawal.
How much do I need to retire?
Work backwards from the income you want. The retirement savings goal calculator turns a yearly after-tax income into a nest egg and a monthly saving amount, with CPP, OAS, tax and inflation counted. To test whether savings you already have will last, run the retirement savings calculator.
What will CPP and OAS pay me?
The CPP calculator estimates your pension for the start age you pick. The Old Age Security calculator shows the payment and the clawback at higher incomes.
How is retirement money taxed on the way out?
Cashing out an RRSP early costs something, and the RRSP withdrawal tax calculator shows what is withheld at source and what you may still owe at filing time. Once savings sit in a RRIF, the RRIF withdrawal tax calculator finds the minimum withdrawal for your age and the tax withheld on what you take. For the full picture across pension, CPP, OAS and RRIF income, use the retirement income tax calculator.
Projections assume steady growth, and markets don’t behave that way. Treat each result as a starting point and look again every year. The savings and retirement guide explains how the accounts fit together.
Frequently asked questions
How do an RRSP and a TFSA differ?
An RRSP cuts your tax now and taxes what you take out. A TFSA gives no upfront break, but growth and withdrawals stay untaxed. The TFSA vs RRSP calculator compares the after-tax result for your own tax rate.
When should I start CPP?
Anywhere from 60 to 70. Each month before 65 lowers the pension and each month after raises it, and the CPP calculator shows by how much for the start age you choose.
Is OAS affected by income?
Yes. Above a set net income, OAS is reduced through a recovery tax, and the amount also depends on your years lived in Canada. The OAS calculator shows both effects.
Can I count on the projections?
No. They assume a constant return, and real returns change from year to year. Use the results to compare choices and plan, then check them again as your numbers change.
Should I put money in an RRSP or pay down my mortgage?
It depends on your mortgage rate against the return you expect, plus the refund the deposit brings. The RRSP vs mortgage paydown calculator compares both paths and shows the break-even return.
How much do I need to save for retirement?
It depends on the after-tax income you want, your CPP and OAS, tax and inflation. The retirement savings goal calculator turns those into a nest egg and a monthly saving amount.