This simplified model mirrors the example shown: TFSA uses after‑tax dollars and grows tax‑free; RRSP uses pre‑tax dollars and is taxed once on withdrawal. Refund investing isn’t modeled in this version.
| Contribution | TFSA | RRSP |
|---|---|---|
| Pre‑tax dollars | $0 | $0 |
| Tax at 0% | $0 | $0 |
| After‑tax dollars | $0 | $0 |
| Investment value in 25 years | $0 | $0 |
| Tax at 0% | $0 | $0 |
| Net amount in 25 years | $0 | $0 |