Tapping RRSPs while still young can seriously reduce long term growth
Report calls for removal of RRSP age restrictions, reduced tax rates for RRIFs
80% of respondents said they found their advisor helpful or very helpful
Almost two-thirds say they didn’t have enough money to make a contribution
More than half don’t think they’re on the right track
Fewer and younger savers will probably mean reduced contributions in the years ahead
One-in-four Canadians say they do not know much savings they will need for a comfortable retirement
Only weeks are left before the March 1 RRSP contribution deadline, and financial advisors can use the remaining weeks to help clients maximize the tax-efficiency of their RRSPs.Jamie Golombek, managing director of tax and estate planning for CIBC, has outlined a number of tips to consider when advising clients on RRSP contributions.“When investing for retirement, […]
CIBC's Jamie Golombek on choosing the investment solution that suits your strategy