§ Calculator · Savings
Savings · taxes + inflation
What this is
Three views of the same nest egg: nominal, after-tax, and real.
Bank interest is fully taxed at your marginal rate (not 50% inclusion like capital gains). Inflation erodes purchasing power. The 'real' number is what your money will actually buy at retirement.
Nominal FV
$116,639
After-tax FV
$106,247
Real FV (today's CAD)
$73,360
If your nominal HISA rate is 3.5% but inflation is 2.5% and tax takes 30% of the 3.5%, your real after-tax return is roughly 0% (you're treading water).
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. In a TFSA: tax = 0 (set marginal to 0). In an RRSP: tax applies at withdrawal at expected retirement marginal rate, not current.