Quote:
Originally Posted by blacktailslayer
A simple TFSA calculator with only $1000/yr contribution for 42 years with a rate of return of 7% would have added up to $230,000. That doesn't even factor in employer contribution!!
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Employers are not required to match or add to a TFSA. CPP rules are entirely different. But you are right, the compound interest adds up in a hurry.
It would be nice if CPP was self administered, we could get rid of the middle man ( Government ) and save that cost, as well tailor make our own plan based on our own needs