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2.2.3 On the Bank of Montreal website is another RRSP example. The difference between a tax-sheltered investment and a non- sheltered investment is illustrated. The
2.2.3 On the Bank of Montreal website is another RRSP example. The difference between a tax-sheltered investment and a non- sheltered investment is illustrated. The example gives the follow- ing information: RSP vs. Non-RSP Investing Amount Invested Years Invested Marginal Tax Rate Average Annual Return Total Savings RSP $10,000 30 years N/A 6% $838,016.77 Non-RSP $10,000 30 years 46% 6% $510,717.60 $327,299.17 Difference Verify the total savings figures given in this example
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