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.
An RRSP "catch-up" loan could be a good way to take advantage of your unused RRSP contribution room. But is a loan right for you?
Take 2 minutes to get your results.
If you borrow $10,000 to contribute to your RRSP, at the end of 10 years: | |
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Total cost of the loan with interest: | $10,604.00 |
Total RRSP investment: | $10,500.00 |
Additional RRSP savings: Additional interest paid: | $104.00![]() |
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Registered retirement savings plan (RRSP)Other helpful RRSP calculators to consider:
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We acknowledge that Sun Life operates in many Territories and Treaties across Canada. Our Canadian headquarters in Waterloo are on the traditional territory of the Anishnaabeg, Haudenosaunee Confederacy and the Mississaugas of the Credit First Nations.
Today, Canada is still the home to many Indigenous, First Nations, Inuit, and Metis peoples from all across Turtle Island. We are grateful to have the opportunity to work in this territory. We offer this acknowledgment as a stepping stone towards honouring the original occupants, as a testimony to the oppression faced by Indigenous peoples, and our commitment to Indigenous communities and employees of Sun Life.
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