Just in time for RRSP season, investorED.ca now offers an updated bilingual version of the popular Mutual Fund Fee Impact Calculator.

For the novice investor, the calculator demonstrates the impact mutual fund fees can have on investments over time, including sales fees and management fees.

“This tool is very popular during RRSP season when many investors are choosing mutual funds for their retirement savings plans,” said Terri Williams, President of the Investor Education Fund.

The tool lets investors analyze the impact of costs of one fund or compare two different funds. Results for two different funds show as a side-by-side comparison and can be easily printed for future reference.

Investors can enter the numbers from their fund’s prospectus to assess the impact of fees on that particular fund.