Smart Advice Growing Wealth

Putting money into an RRSP is one of your best chances to save on taxes. And the sooner you contribute, the sooner you’ll start to grow your savings.
CIBC Jan. 14, 2022 4 minute read
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Shrink your tax bill

Grow your savings faster

 The investment growth of an RRSP and a non-registered investment account over 10, 20 and 30 years. Refer to table for details.

 

10 years

20 years

30 years

Non-registered investment 

$4,273 

$6,086

$8,668

RRSP

$5,373  $9,621 $17,230

Big savings for big goals


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