Investment Return Calculator for Canada
Calculate total return, CAGR, and investment multiples over any time period.
Region: Canada (CAD)
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Quick Tip
Use the rate from your savings account or GIC, and test a range of returns for TFSA or RRSP investments.
About This Tool
Why use Investment Return Calculator?
Where you save in Canada can matter as much as the rate. Growth inside a Tax-Free Savings Account (TFSA) is not taxed, RRSP contributions are tax-deductible with tax paid on withdrawal, and the First Home Savings Account (FHSA) combines features of both for first-time buyers.
Eligible deposits at CDIC member institutions, including savings accounts and GICs, are protected up to $100,000 per insured category. Interest earned outside registered accounts is taxed as income each year, so compare after-tax returns when choosing between a high-interest savings account, GICs and investments.
Key Benefits
Registered account planning
Estimate how regular contributions to a TFSA, RRSP or FHSA could grow.
GIC and savings comparison
Compare a guaranteed GIC rate with a high-interest savings account.
Interest versus contributions
See how much of the final balance comes from compound growth.
How to use Investment Return Calculator
- 1
Use the rate from your savings account or GIC, and test a range of returns for TFSA or RRSP investments.
- 2
Enter the amount you originally invested.
- 3
Enter the current or final value.
- 4
Add how many years you held the investment.
- 5
Compare total return, CAGR and the Rule of 72 doubling time.
Best use cases
Compare a share, fund or property investment held for different numbers of years.
Turn a fund's total growth figure into an annual return you can compare with a savings rate.
Check whether an advertised return is realistic once it is annualised.
Review the performance of your own portfolio over a set period.
Investment Return Calculator FAQs
What is the difference between a TFSA and an RRSP?
TFSA contributions are not tax-deductible, but growth and withdrawals are tax-free. RRSP contributions reduce your taxable income now, and withdrawals are taxed later, often in retirement.
Are my savings insured in Canada?
Eligible deposits at CDIC member institutions are covered up to $100,000 per insured category, such as savings in your own name, joint accounts and deposits held in a TFSA or RRSP.
Is interest income taxable in Canada?
Interest earned in non-registered accounts is taxable as income each year. Interest earned inside a TFSA is tax-free, and growth inside an RRSP is tax-deferred.
Which currency does this investment return use?
Amounts are shown in Canadian Dollars (CAD). The formulas are the same everywhere, so you can switch to another country version if you need a different currency.
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