Retirement income in Canada comes from three places: government pensions, workplace plans and your own savings. Registered accounts change when you pay tax, so the order you draw on them can matter as much as how much you save, and that’s the part most people don’t plan for until they’re close to retiring.
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 the 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 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.
A first home gets its own account. That’s 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.
Taking money out costs something. The RRSP withdrawal tax calculator shows what’s withheld at source and what you may still owe at filing time.
What will I get in retirement?
The CPP calculator estimates your pension for the start age you pick, and the Old Age Security calculator shows the payment and the clawback at higher incomes. Will your savings last? The retirement savings calculator tests that, and the retirement income tax calculator shows the tax on the money you draw.
Projections assume steady growth. Markets don’t behave that way. Treat every result as a starting point, and you’ll want to look again each year.
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.
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 tool shows by how much.
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.
Can I count on the projections?
No. They assume a constant return, and real returns change from year to year.
Information only. This page is general information, not tax, legal or accounting advice. Tax-Services.ca is an independent publisher: we don't prepare or file tax returns or offer tax services, and we have no connection with the CRA, Revenu Québec, any government or any company named on this page. Check the figures that matter with an official source or a qualified professional.