FreeNo sign-in. Nothing leaves your browser.

RRSP or TFSA: which is better for you?

Repo-linked (EBLR): your rate rises by the same 0.25% at the next reset date, unless your lender holds back some of it. Resets happen at least once every three months, so expect the change within about three months of 7 October.
MCLR-linked: your lender's own cost of funds drives the rate and it resets on its own date, often every six or twelve months. The effect arrives later and may be smaller. Our guide to [[blog:eblr-vs-mclr-home-loan|EBLR and MCLR]] explains the difference.
Fixed rate: nothing changes until the fixed period ends.

Compare saving the same pay in an RRSP and in a TFSA. The answer depends mostly on your tax rate now and later.

Simple model. Benefits like the GIS and OAS clawback can change the answer. Not tax advice.

Common questions

What is the TFSA limit in 2026?

$7,000 a year, plus unused room.

What is the RRSP limit in 2026?

18% of last year earned income, up to $33,810.