SAVING CASH vs. INVESTING IN A TFSA
$200,000
$180,000
$160,000
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
START
1
2
3
4
5
6
7
8
9
10
HIGH INTEREST SAVINGS ACCOUNT
GROWTH PORTFOLIO
YEAR
YEAR
YEAR
YEAR
YEAR
YEAR
YEAR
YEAR
YEAR
YEAR
SOURCE: FP Canada Standards Council
10 year annualized return on $100,000 held inside a Tax-Free Savings Account. Cash holdings represent a high-interest TFSA earning 3.8% annually; versus an invested growth portfolio earning 6.36% annually.
SAVING CASH vs. INVESTING IN A TFSA
$100K in a TFSA over 10 years