It's never too early to start. Learn the basics of retirement accounts.
RRSP / TFSA / CPP
Canada's retirement system includes RRSP / TFSA / CPP. Understanding your options is key to securing your future.
System
RRSP
Canada's primary vehicle
Currency
CAD
Savings in C$
Best Strategy
Start early
Compound interest rewards time
Regulator
CSA / IIROC
Oversight body
See how consistent investing grows over time.
C$200/month
30 years
7%
Estimated Balance
C$243,994
Contributed: C$72,000
Interest earned: C$171,994
C$200/mo for 30yr at 7%
Simulation only. Actual returns vary and are not guaranteed.
NOW.
Every year you delay costs you significantly. Starting at 25 instead of 35 with C$200/month at 7% means significantly more by retirement. Small consistent investments build serious wealth.