Innovation Fall 2024

Start early and save more

See the difference an extra 10 years can make

The earlier you start saving with the Engineers Canada-sponsored Financial Security Program’s registered retirement savings plan (RRSP) , the more you’ll save. Ok, we know that’s not exactly rocket (or geo) science – but do you know how much more you can save? It really adds up! Get the guidance you need Want some advice? Connect with your personal Canada Life health and wealth consultant online when it’s convenient for you at all steps of your financial journey.

Retire at age 65

$800,000

$700,000

You could save

$600,000

$308,127

more!

$500,000

$400,000

$300,000

$200,000

$100,000

$0

Start at age 25

Start at age 35

Assumptions: 6% annual gross growth rate and mid-year annual lump sum contributions of $5,000 are assumed. Ontario HST is applied. Investment Management Fee IMF (%) based on the JF Canadian Equity fund. The above example is for illustrative purposes only. Situations will vary according to specific circumstances.

Start today canadalife.com/EC-RRSP

The Engineers Canada-sponsored Financial Security Program is exclusive to engineers, geoscientists, students, and their families, across Canada.

A plan built just for you.

Canada Life and design, and For Life As You Know It, are trademarks of The Canada Life Assurance Company.