Calculators · 1,918 days of VEQT history
Run the numbers.
Four tools, one question each. See what VEQT actually did, plan what you'll add, pick the right account, and find your finish line.
Pick an account
Putting $7,000 a year into VEQT for 25 years, the best home is
Your numbers
LiveThe bar above updates liveWhat you keep after tax, by account
Estimate- TFSATax-free, flexible$473,735−$47,374
- RRSPTax refund now, taxed later$521,109Most after tax
- FHSAFirst home onlyOffTurn on ‘first home’
- TaxableNo shelter$424,063−$97,046
An estimate, not tax advice. Payouts of about 1.8% a year are taxed at 75% of your rate now; gains at half your retirement rate. A refund is invested tax-free the same year. The FHSA takes up to $8,000 a year, $40,000 in all, within 15 years, and the rest goes to a TFSA. After 15 years an unused FHSA moves to an RRSP and is taxed like one. Assumes room in every account. Check with a tax professional before you act.
- The rule of thumb. If your tax rate will be lower in retirement, the RRSP usually wins. If it'll be the same or higher, the TFSA does. That holds only if you invest the refund.
- Buying your first home? Turn on ‘first home’ to include the FHSA. It often beats both.
The fine print
Arithmetic, with caveats.
These tools simplify on purpose. Returns arrive smoothly here; in real life they come in bumps.
Past results are not a forecast. Look back shows what happened. The other three ask you to assume a rate. Try 4% and see the range.
Tax figures are estimates, not advice. Your situation, taxes and comfort with risk are yours to weigh.
These tools simplify on purpose: returns arrive smoothly here, in bumps in real life. Past results aren't a forecast. Tax figures are estimates, not advice.