AI Money Simulator
for Canada.
What if you invested $5 a day in a TFSA for 30 years? What if you paid off your mortgage 5 years early? Run 10 Canadian what-if scenarios with built-in RRSP, TFSA, FHSA, CPP and OAS rules — and let Sam, Richify's What-If Strategist, frame the answer.
What if you invested $5/day in a TFSA for 30 years?
$5 a day × 30 years at a 7% real return inside a TFSA — roughly $185,000 in tax-free retirement money for the price of one Tim Hortons combo a day.
TFSAWhat if you maxed your TFSA every year?
$7,000/year (the 2026 limit) compounded at 6% real return for 25 years grows to roughly $390,000 — all of it tax-free on withdrawal.
PropertyWhat if you paid off your mortgage early?
Adding $500/month to a 25-year Canadian mortgage cuts the term by 6-8 years and saves ~$80K-$120K in interest. Toronto / Vancouver semi-annual compounding math built in.
PropertyWhat if you bought in Toronto vs kept renting?
GTA detached at $1.3M vs renting and investing the difference — break-even depends on whether equity gains outrun the rent + portfolio gap. Project both side-by-side.
RetirementWhat if you delayed CPP to age 70?
Delaying CPP from 65 to 70 adds 42% to your monthly payment (0.7%/month bonus). Break-even age is roughly 80 — see your specific numbers + interaction with OAS.
RetirementWhat if you retired 5 years earlier?
Retiring at 55 instead of 60 means 5 fewer earning years AND 5 more spending years — typically needs an extra $400K-$700K in investable assets. RRSP meltdown and OAS bridge built in.
RiskWhat if the market dropped 20%?
A 2020-style 20% market drop on your RRSP, TFSA, and FHSA. Recovery time historically averages 12-18 months — see the dollar impact on your specific balance.
RiskWhat if inflation stayed high?
Bank of Canada at 5%+ for 3+ years — what happens to your fixed mortgage on renewal, to the real value of cash savings, and to TFSA equity returns.
WindfallWhat if you received a $100K windfall?
Inheritance, severance, or a Canadian RRSP-to-TFSA strategy — where does each $1 go for maximum after-tax growth? FHSA + TFSA + RRSP stacking math.
FIREWhat if compound growth alone funded retirement?
The Coast FIRE math — the moment your existing RRSP/TFSA/FHSA balance will compound to your full FIRE number with zero new contributions. Find your Coast number in 30 seconds.
What these projections are — and aren't
- Illustrative, not guaranteed. Projections assume a constant real return — the actual market delivers that average around a sequence of drawdowns and gains. Use the scenarios for relative comparisons (RRSP vs TFSA, buy vs rent, delay CPP vs take at 65) rather than absolute predictions.
- Canadian rules built in. CRA 2026 contribution limits (TFSA $7,000 / FHSA $8,000 / RRSP $32,490 2025), semi-annual mortgage compounding, OAS clawback at $93,454, CPP claim-age adjustments (-0.6%/mo before 65, +0.7%/mo after) — all baked into the math.
- Manual entry, no bank login. You enter your numbers; nothing leaves your device by default. Plaid-style aggregation for Canadian banks is on the roadmap but has not shipped in June 2026.
- Not financial advice. For corporate structures, US-Canada cross-border tax, divorce, estate planning, or material complexity, consult a fee-only Certified Financial Planner (CFP®) or a Canadian tax accountant.
Frequently asked questions
What is a Canadian financial what-if simulator?+
A what-if simulator runs the financial math on a hypothetical change to your situation — adding $500/month to your TFSA, paying off your mortgage 5 years early, retiring at 55 instead of 60, or weathering a 20% market drop. Richify's simulator uses Canadian rules (CRA 2026 contribution limits, semi-annual mortgage compounding, OAS clawback at $93,454, CPP timing rules) so the projections reflect actual Canadian outcomes rather than US-style assumptions.
How accurate are these what-if projections?+
They are illustrative, not guarantees. Compound growth uses a constant assumed real return (typically 5-7%) which the actual market will not deliver smoothly — there will be drawdowns and gains around that average. Tax math uses 2025-26 CRA rules; future changes (TFSA limit indexation, OAS threshold updates, CPP enhancement phase-in) will shift the actual numbers. Use these for relative comparisons (RRSP vs TFSA, buy vs rent) rather than absolute predictions.
Can the simulator handle RRSP / TFSA / FHSA together?+
Yes — the interactive Canadian What-If Scenarios calculator at /ca/tools/what-if-scenarios models all three registered accounts plus a non-registered account, with the 2026 contribution limits and FHSA + HBP stacking rules built in. The simulator surfaces the after-tax outcome for each scenario rather than just the gross balance.
Does Richify automatically pull my bank data to run these scenarios?+
Not today. Richify is manual-entry only in June 2026 — you enter your balances and the AI runs the scenarios on those numbers. Plaid-based aggregation for Canadian banks is on the roadmap but has not shipped. The trade-off: nothing leaves your device by default, no Open Banking authorisation, no third-party-breach exposure.
Is this financial advice?+
No. The simulator runs the math on Canadian tax rules and published market assumptions, but it is not registered investment or tax advice. For situations with corporate structures, US-Canada cross-border tax, divorce settlements, estate planning, or material complexity, consult a fee-only Certified Financial Planner (CFP®) or a Canadian tax accountant. Use Felix's projections to frame the questions; a human advisor signs off on the answer.
Related Canadian Richify content
Interactive What-If Calculator
The live tool — adjust your inputs and see RRSP / TFSA / FHSA / non-registered side-by-side projections with Sam.
Coast FIRE Calculator Canada
The point where compound growth alone carries your RRSP, TFSA, FHSA to your full FIRE target.
AI Money Coach Canada
Meet Felix — your Canadian AI coach for RRSP, TFSA, FHSA, CPP, and OAS planning.
Net Worth by Age Canada
StatCan SFS 2023 percentile finder — see where you actually stand by age and province.
Canadian Personal Finance Hub
27 free calculators, 9 StatCan benchmarks, 7 CRA-aligned guides — all in one place.
Run any what-if on your numbers.
Free Canadian what-if simulator + 27 Canadian calculators. Manual-entry, privacy-first, no credit card to start. 7-day Premium trial included.
Download Richify Free →iOS + Android · CA-built · Manual entry, no bank login
