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Growth of a Single $1,000 Contribution in a Tax-Deferred Plan
Notes
• This table shows the accumulated value of a $1,000 one-time registered retirement
savings plan (RRSP) or tax-free savings account (TFSA) contribution made in Year 0,
assuming the contribution is left in the plan to grow over a number of years, at various
interest or growth rates.
• The accumulated values do not take into account any income taxes that would be payable
when the funds are eventually withdrawn from the RRSP or when the RRSP plan is wound
up. The TFSA contribution, as well as the income earned in the plan, are not subject to tax
when withdrawn.
Number
of Years
Funds Held
in RRSP
Annual Growth Rate
2%
4%
6%
8%
10%
12%
1
$ 1,020
$ 1,040
$ 1,060
$ 1,080
$ 1,100
$ 1,120
2
1,040
1,082
1,124
1,166
1,210
1,254
3
1,061
1,125
1,191
1,260
1,331
1,405
4
1,082
1,170
1,262
1,360
1,464
1,574
5
1,104
1,217
1,338
1,469
1,611
1,762
6
1,126
1,265
1,419
1,587
1,772
1,974
7
1,149
1,316
1,504
1,714
1,949
2,211
8
1,172
1,369
1,594
1,851
2,144
2,476
9
1,195
1,423
1,689
1,999
2,358
2,773
10
1,219
1,480
1,791
2,159
2,594
3,106
15
1,346
1,801
2,397
3,172
4,177
5,474
20
1,486
2,191
3,207
4,661
6,727
9,646
25
1,641
2,666
4,292
6,848
10,835
17,000
30
1,811
3,243
5,743
10,063
17,449
29,960
35
2,000
3,946
7,686
14,785
28,102
52,800
40
2,208
4,801
10,286
21,725
45,259
93,051
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affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
Current as of September 30, 2013