|If you borrow $10,000 to contribute to your RRSP, at the end of 10 years:|
|Total cost of the loan with interest:||$10,604.00|
|Total RRSP investment:||$10,500.00|
|Additional RRSP savings: Additional interest paid:||$104.00|
The power of RRSPs
Learn more about how you can take advantage of the benefits of RRSPs to save for your retirement.Registered retirement savings plan (RRSP)
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Other helpful RRSP calculators to consider:RRSP calculator
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Rates of return can vary among different kinds of investments and investment styles. For the purposes of this tool, the suggested range is 2% – 7%*.
*For illustration purposes only: your rate of return may vary.