Financial Planning Simulator for FHSA
Our Financial Planning Simulator for FHSA is a powerful tool designed to help you visualize and plan your financial future based on your personal goals.
Discover how the FHSA can assist you in achieving your financial dreams.
FHSA Projection: Investments, Returns, and Rate of Growth
Based on our simulations, starting in 2023, here's an overview of your projected financial results with the FHSA simulator :
Contribution Duration:
15 years
Final Year:
2038
Total Tax Return Amount:
[$ Amount]
Total Amount Invested:
[$ Amount]
Total Returns:
[$ Amount]
These results are based on the provided data and can help you better plan your financial future by maximizing the benefits of the FHSA. Feel free to adjust your parameters for personalized projections.
Cumulative Returns with a Growth Rate for FHSA
Federal and Provincial tax rates
We understand that tax rates are a crucial factor in calculating your tax return.
To assist you, we provide detailed tables of federal and provincial tax rates in effect. This way, you can make informed financial decisions with full knowledge.
| Taxable income threshold | Tax rate |
|---|---|
| $15,000 - $55,867 | 15.0 % |
| $55,867 - $111,733 | 20.5 % |
| $111,733 - $173,205 | 26.0 % |
| $173,205 - $246,732 | 29.0 % |
| + $246,752 | 33.0 % |
| Taxable income threshold | Tax rate |
|---|
Source: Department of Finance Canada - 2024 Income tax rates for individuals
Ask Your Questions!
Do you have questions about FHSA, how it works, or the tax benefits?
Check out our FAQ to find answers to your queries. If you can't find what you're looking for, feel free to ask us your questions.
Our team is here to assist you.