If you invest $100/mo today, here's what you'll have at 35.
A TFSA lets your money grow 100% tax-free. That means every dollar of growth — dividends, capital gains, interest — is yours to keep forever.
Your current age20 years old
You have $21,000 in TFSA contribution room already
Monthly contribution$100
Even $50/mo invested from age 20 beats $200/mo started at 30
Expected annual return6%
Moderate (balanced ETF — XBAL)
See balance at age35 years old
🏦 TFSA vs RRSP — which one first?
As a student with low income, TFSA wins. RRSP deductions are more valuable when you earn more. Max your TFSA now — you can always move to RRSP after graduation.
Balance at age 35
$29K
after 15 years
You contribute$18,000
Market growth (tax-free)$11,082
Total at age 35$29K
Growth as % of total
⏰ The cost of waiting
$6K less
Starting at 18 instead of 20 would have earned you $6K more by age 35 — even with the same monthly contributions. Start today.