RRSP / TFSA / FHSA Calculator
Onboarding · Step 1 of 2
2026 arrival detected
Tax-Free Savings Account
Grows and withdraws tax-free. Room starts the year you became a Canadian resident.
Your 2026 TFSA room
$7,000
Resets every January 1st. Unused room carries forward permanently.
Contributed$0 / $7,000
Projected value at 65
$86,200
If you contribute $7,000/year at 7% return for 25 years.
⚠ RRSP notice
Your RRSP room is $0 until you file your first Canadian tax return (early 2027). FHSA and TFSA first — RRSP unlocks next year.
Credit Score & Education
Onboarding · Step 2 of 2
Score: 680 — Fair
680
Fair — Good progress, room to improve
300 Poor580 Fair670 Good740 Very Good850
What affects your score
Equifax & TransUnion use 5 factors
💳
Payment History
35% of score · All on time ✓
Good
📊
Credit Utilization
30% of score · Using 42% of limit
High
📅
Credit History Length
15% of score · 8 months
Building
🏦
Credit Mix
10% · Credit card + line of credit
Good
🔍
New Inquiries
10% · 1 hard inquiry (3 months ago)
OK
Your action plan to reach 740+
Estimated time: 8–12 months
✓
Pay bills on time, every time
Set up auto-pay for credit card minimum. No missed payments in 8 months. ✓
!
Reduce utilization below 30%
You're at 42% ($2,100 of $5,000 limit). Pay down to $1,500 to cross the 30% threshold. +20–30 points.
✓
Don't close old accounts
Your RBC card is your oldest — keep it open even if unused.
Ask for a credit limit increase
After 6 months of on-time payments, call RBC and request higher limit. Lowers utilization without paying down.
Avoid new credit applications
Each hard inquiry drops score ~5–10 pts. Wait until you're over 720 before applying for mortgage pre-approval.
Why this matters for you
A score of 740+ qualifies you for the best mortgage rates in Canada. At $500k purchase price, going from 680 to 740 could save you $18,000–$24,000 in interest over a 5-year term.
Find a Professional
CPAs, CFAs, and CFPs near you
Search by location
4 professionals within 5km of M5V 2T6
👩
Priya Sharma, CPA, CA
Tax & newcomer planning · 0.8km · Hindi, Punjabi, English
Newcomer specialistRRSP/TFSA/FHSA
⭐ 4.9
👨
David Chen, CFP
Financial planning · 1.2km · Mandarin, English
First home buyersFHSA expert
⭐ 4.7
👩
Maria Santos, CFA
Investments & portfolio · 2.1km · Tagalog, English
ETF investingWealthsimple
⭐ 4.8
👨
Ben Chen, CFP, CFA
Financial planning & investments · 2.8km · French, Spanish, English
Newcomer specialistBilingual FR/ES
⭐ 4.9
All My Money
Bank sync · connecting to Canadian banks
🔗 Coming Soon
🏦
🔗
💰
Your finances, all in one place
We're connecting Arrive Finance to Canadian banks. See your RBC, TD, Scotiabank, Wealthsimple, and EQ Bank accounts alongside your RRSP, TFSA, and FHSA — automatically.
🏦 RBC 🏦 TD 🏦 Scotiabank 🏦 BMO 💚 Wealthsimple 🟩 EQ Bank + more
What you'll see when it launches
📊
Real-time net worth
Total across all accounts — chequing, TFSA, FHSA, RRSP, savings — in one number.
📈
Portfolio performance vs. TSX benchmark
See your XIRR against the Canadian benchmark. Know exactly where you're lagging.
💡
Smart allocation alerts
Automatic flag if cash is sitting uninvested in registered accounts. No more forgetting to buy XEQT.
🔒
Read-only. No bank credentials stored.
Powered by Flinks (open banking). AES-256 encrypted. Canadian data only, stored in ca-central-1.
🔔 Get notified first
Be the first to connect your accounts
Beta access opens in the coming weeks. Leave your email and we'll notify you the day bank sync goes live.
🇨🇦 Canadian data stays in Canada · Read-only bank access · No bank passwords stored · Unsubscribe anytime
Preview — what this panel will show
Coming soon
Total Net Worth
$112,400
Portfolio XIRR 4.2%vs TSX 5.8%Since Jan 2026 ↑ $15K
🇨🇦 Registered Accounts
💎 FHSA — Questrade$8,000
🛡 TFSA — Wealthsimple$7,000
📈 RRSPunlocks 2027
🏦 Banking
🏦 RBC Chequing$12,400
💰 EQ Bank HISA$85,000
Your Goals
Age 31 · Savings $112K · Income $85K/yr · Expected return 7%
Net Worth Trajectory
● Net Worth ○ Goal milestones
$1.5M $1.0M $500K $0 31 2026 37 2032 43 2038 49 2044 55 2050 61 2056 65 2060 🏠 $100K 🛡 ✅ $1.5M Now
🏠 First Home — age 33, $100K
🛡 Emergency Fund — age 32, $20K
✅ Retirement — age 65, $1.5M
🇨🇦 Popular Canadian Goals
🏠
First Home
Avg down payment $120K in GTA
🚗
Car
Avg $35K for a reliable used vehicle
🎓
Child's Education
RESP + $80K/child for university
✈️
Vacation
Visit family abroad, avg $5K/trip
🔮 Prepare for Scenarios
Job Loss
Canada EI: 14–45 weeks based on hours worked + your region. How long does your emergency fund stretch?
Parental Leave
EI parental benefits cover ~55% of income for up to 35 weeks. Model the gap.
Sabbatical / Career Break
No EI. How long can you sustain your lifestyle without income?
Return to Home Country
TFSA / FHSA are Canadian accounts. What happens if you leave permanently?
Canadian Finance Best Practices
Newcomer checklist · 6 of 10 items complete
6 / 10
✅ Completed
✓
Opened a TFSA
Wealthsimple · $7,000 contributed
✓
Opened an FHSA
Questrade · $8,000 contributed · Dec 31, 2026 deadline met
✓
Emergency fund (90% complete)
$18,000 of $20,000 · EQ Bank HISA
✓
No high-interest debt
Credit card paid in full each month
⚠️ Needs attention
!
Invest TFSA and FHSA contributions
$15,000 sitting in cash. Should be in a low-cost index fund (XEQT/XBAL). See Execute Plan.
!
Credit utilization too high (42%)
Aim for under 30%. Pay $500 more on RBC card this month.
📋 Not yet started
File 2026 tax return (Feb–April 2027)
Required to unlock RRSP room. Use SimpleTax (free) or H&R Block. Worth doing even if income is $0 for 2026 partial year.
Open RRSP after 2027 filing
$15,300 room available. Deadline: March 1, 2028 (to apply against 2027 taxes).
Will & power of attorney
Often overlooked by newcomers. Particularly important if you have dependents outside Canada.
Life & disability insurance review
New residents are often underinsured. TD and Manulife offer newcomer-specific products.
Canadian vs. your home country
Canada's registered accounts are more generous than India's PPF/EPF in most cases. The FHSA — deductible going in and tax-free coming out for a first home — is unusually powerful even by international standards (the UK's Lifetime ISA is the closest equivalent).
Action Center
AI analysis · today · 4 areas reviewed
Arrive Score 68/100
🏦
Account Setup
1 action needed ›
TFSA opened ✓ — $7,000 contributed
Wealthsimple · 2026 room fully used
FHSA opened ✓ — $8,000 contributed
Questrade · Dec 31, 2026 deadline met
⚠ RRSP not yet open — room unlocks in 2027
File 2026 tax return by April 30, 2027 → $15,300 room unlocks → open RRSP by March 1, 2028
📉
Portfolio Health
2 critical ›
$15,000 in TFSA + FHSA sitting in cash (0% return)
Fix this week: buy XEQT (all-equity, MER 0.20%) in both accounts. Costs ~$1,050/year in foregone growth at 7% benchmark.
Portfolio XIRR 4.2% vs TSX benchmark 5.8% (−1.6%)
Gap caused entirely by uninvested registered accounts. Investing TFSA + FHSA closes this gap immediately.
HISA earning 4.50% APY ✓ — appropriate for now
EQ Bank · $85,000 · correct placement while RRSP room is pending
🎯
Goal Progress
1 of 3 on track ›
🏠 First Home: Dec 2031 at current pace — 3 years behind goal
Fix: increase savings to $2,400/month. FHSA room resets Jan 2027 ($8K more). With XEQT growth: Dec 2028 on track.
🛡 Emergency Fund: 90% complete ✓
$18,000 of $20,000 — one more $2,000 contribution. On track.
💎 FHSA contributed but not invested
$8,000 contributed (goal met). But sitting in cash — invest in XEQT to actually grow it tax-free.
⭐
Credit Score
Needs improvement ›
Score 680 — below 740 threshold for best mortgage rate
At current 680, preferred rate unavailable. Cost: ~$20,000 over 5-year mortgage term at $500K purchase.
Credit utilization 42% — reduce to under 30%
Pay RBC card from $2,100 → $1,500 this month. Expected score gain: +20–30 points in 30 days.
Payment history: 100% on time ✓
8 months of clean payments. Most important factor (35% of score) is strong.
Your Arrive Score
68/100
Fair · 4 areas reviewed
Accounts
8/10
Portfolio
5/10
Goals
6/10
Credit
7/10
First Home · with vs. without fixes
Current pace
Dec 2031 — 3 years late
With AI recommendations
Dec 2028 — on target ✓
Two actions close the gap: invest TFSA+FHSA this week + save $2,400/month from Jan 2027.
Talk to a Specialist
Human-in-the-loop · AI brief sent to your advisor
AI brief ready
📋 AI-generated brief for your advisor
Prepared by Arrive AI · May 21, 2026
Client: Aman Singh · arrived Jan 2026 · $85k income · $100k savings

Situation: 2026 arrival — RRSP room = $0 until 2027 filing. FHSA opened ($8k), TFSA opened ($7k). Both in cash, not invested. First home goal needs acceleration.

3 immediate actions:
1. Invest $15k (TFSA + FHSA) into XEQT this week
2. Reduce credit utilization from 42% → 30% by June 2026
3. File 2026 taxes Feb 2027, open RRSP immediately after

Key risk: Credit score 680 may affect mortgage qualification. Recommend 12-month plan to reach 740+ before pre-approval.
💬 Ask a follow-up
Your specialist will respond within 24 hours
👩 Your assigned specialist
👩
Priya Sharma, CPA, CA
Newcomer financial planning specialist
AI brief reviewedHindi · Punjabi · English
"I've reviewed the AI brief and agree with all three recommendations. XEQT is a solid choice for your situation — low MER, globally diversified. Let's discuss the FHSA vs. TFSA allocation in our call."
📅 Conversation history
✓
AI brief delivered to Priya
Today, 2:14 PM · Read
💬
Priya reviewed + left note
Today, 3:42 PM
New
📅
Call available: May 22 at 10am or 2pm
30 minutes · Video or phone
Execute Plan
Brokerage integration · Mutual funds & indexes only
🔗 Coming Soon — pending legal review
⚡ Pending actions — specialist approved
💎
Invest $8,000 FHSA → XEQT
iShares Core Equity ETF · MER 0.20% · Questrade · ✓ Specialist approved
🛡
Invest $7,000 TFSA → XEQT
iShares Core Equity ETF · MER 0.20% · Wealthsimple · ✓ Specialist approved
🔒 What you can do here
✓
Buy mutual funds and index ETFs
XEQT, XBAL, VCNS, ZGRO and similar Canadian index ETFs
✓
Execute inside registered accounts
TFSA, FHSA, RRSP (when available) via connected broker
Individual stock trading — not available
By design. Arrive Finance focuses on long-term index investing, not trading.
Options, crypto, leveraged products — not available
Out of scope. Use your broker directly for these.
🏦 Brokerage connections (Coming Soon)
Pending legal review. Brokerage connections via SnapTrade are in legal review (IIROC/CSA order-execution obligations). Once cleared, you'll be able to link Wealthsimple, Questrade, and others — review trades and confirm in one tap.
○
Wealthsimple
TFSA — read + execute (pending)
Pending
○
Questrade
FHSA — read + execute (pending)
Pending
○
RBC Direct Investing
RRSP (after 2027 filing)
Not yet
📋 Execution history
No executions yet.
Your pending actions are above.
Arrive Finance executes on your behalf via your connected broker. You review and confirm every transaction before it executes. Arrive Finance is not a registered investment dealer. Index funds and mutual funds only.