§ Calculator · Investment

Investment returns (inflation + tax)

What this is

Nominal future value is the headline number. Real (after inflation) and after-tax are what you actually spend.

Compounds your contributions, then strips out (a) tax on the capital gain (50% inclusion at your marginal rate) and (b) inflation, leaving the real purchasing power at retirement in today's CAD.

Initial principalMonthly contributionExpected return

YearsInflation

Marginal tax rate

Nominal FV

$462,400

Tax owed

$63,246

After-tax FV

$399,154

Real FV (today's CAD)

$282,189

Total gain

$292,400

Nominal vs after-tax vs real purchasing power

This calculator assumes non-registered (taxable) account. For TFSA: tax owed is zero. For RRSP: tax is full marginal rate on the entire withdrawal (not just the gain).

Disclaimer

Educational, not financial advice. Output is generated by an AI assistant using simplified assumptions. Tax rates, contribution limits, and benefit amounts change annually; confirm with a CFP, CPA, or the relevant Canadian regulator (CRA, FSRA, OSC, IIROC) before acting.