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RRSP vs TFSA room (illustrative)

Educational estimates using published CRA-style limits. Not tax advice.

Last year's earned incomeAge

RRSP room est.

$14,400

TFSA lifetime room est.

$94,000

RRSP room is 18% of prior earned income up to the annual ceiling. TFSA room accumulates from the year you turned 18. Confirm both in CRA My Account.

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