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Tax-free savings calculator 

Grow your savings tax-free.

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Maximize the growth of your TFSA and FHSA using Outlook Financial’s interactive Tax-Free Savings Calculator. Whether you’re starting a new Tax-Free Savings Account or adding to an existing one, this calculator helps you estimate how your contributions can grow over time with interest. Visualize compounding growth, compare scenarios, and plan your short- and long-term savings goals.

  • Plan Your Contributions – Estimate how much to contribute each month to meet your financial goals. 
  • See Tax-Free Growth – Understand the power of compounding without paying taxes on your earnings. 
  • Adjust Your Savings Plan – Try different contribution amounts, terms and rates to find your ideal plan. 
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Use the calculator below to estimate how your TFSA or FHSA savings can grow. Adjust your contribution, term and interest rate to see your potential results.   


 Calculator disclaimers 

The results provided by this calculator are estimates only and are for informational purposes. They are not a guarantee of future results and should not be considered financial advice.   
Calculations are based on the information you provide and assume consistent contributions, interest rates and tax treatment. Actual outcomes may differ due to market fluctuations, account changes or changes to legislation.   
For personalized financial advice or retirement planning guidance, please consult a qualified financial advisor. Outlook Financial does not provide investment, tax or retirement planning advice through this tool.  
  • Calculators do not account for fees, inflation or changes in tax rules. 
  • Your contributions to registered accounts (TFSA, RRSP, RRIF, FHSA) must comply with government limits. 
  • Use this calculator as a planning guide, not a guarantee of outcomes. 

Ready to grow your tax-free savings or start saving for your first home?

Open or contribute to your Outlook Financial TFSA or FHSA and take the next step toward your financial goals.

If you already have an Outlook Financial TFSA or FHSA

You can add funds anytime using our secure online deposit form.

If you don't yet have an Outlook Financial TFSA or FHSA

You can open a TFSA or FHSA online in just a few steps. 

Your membership starts here.
To start saving and investing with a TFSA or FHSA you’ll first need an Outlook Financial membership. Your membership begins with a High-Interest Savings Account (HISA), which acts as the foundation for transferring funds and holding your registered or investment products. Once your HISA is open, you can open your  TFSA or FHSA online and begin contributing or purchasing GICs to grow your savings tax-free.

Complete your online application 


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