Compound interest, real taxation, inflation. Belgium, France, Switzerland, Canada.
This ETF investment simulator calculates the real growth of your portfolio, taking into account your country's exact taxation, inflation, management fees (TER) and compound interest. Unlike basic calculators, it incorporates the actual tax rules in force in 2026 for Belgium, France, Switzerland and Canada.
In Belgium, investing in an accumulating ETF involves a Stock Exchange Tax (TOB) of 1.32% on each purchase. Since 2026, a new 10% tax applies to net capital gains above €10,000 per year. Below this threshold, gains remain exempt. Accumulating ETFs are particularly advantageous in Belgium as they avoid the 30% withholding tax on distributed dividends.
In France, on a standard securities account (CTO), the flat tax is 31.4% since 1 January 2026 (12.8% income tax + 18.6% social levies). On a share savings plan (PEA), only 18.6% social levies apply after 5 years, with no income tax. The PEA is capped at €150,000 and limited to eligible synthetically replicated ETFs.
Switzerland is one of the most favourable environments for investing in ETFs. The capital gains on private wealth are entirely tax-exempt (0%). Only a federal stamp duty of 0.15% applies to purchases of foreign ETFs. Dividends are taxed as income at the cantonal rate, and wealth tax applies to the total declared capital.
In Canada, capital gains are taxed at a 50% inclusion rate. The effective rate is around 27% in Ontario for high brackets. The TFSA account allows fully tax-exempt ETF investing (cap $7,000/yr in 2026). The RRSP offers tax deferral until withdrawal.