Largest increase found in Saskatchewan
The majority of Canadians will not make any changes to their RRSP contribution amount this year, according to a new poll commissioned by Edward Jones.The poll found that 66% of respondents will not change their RRSP savings plans.Only 8% of Canadians have or plan to decrease their contributions, while 3% have or plan to increase […]
One-quarter chose to park contributions in short-term vehicles
In a recent poll, 65% of Canadian Chartered Financial Analysts (CFA) described investor sentiment as decidedly bearish towards their RRSP holdings. Another 32% thought investor sentiment was flat. Only 3% reported their clients were bullish on RRSP investments. The biggest concerns expressed by individual investors were market volatility, uncertainty and the fortunes of the U.S. […]
Over half of Canadians are not planning to add to their RRSPs for the 2007 contribution period, according to a recent BMO Financial Group/Leger study. This trend is led by respondents aged 55-64 — the group closest to retirement — with two out of three choosing not to contribute this year.According to the poll of […]
Investors aged 18 - 34 anticipate needing $933,000 to retire comfortably
RBC study examines RRSP contribution trends
As part of its 2008 RRSP campaign, Laurentian Bank is offering its existing and future customers a chance to win $10,000 in RRSP. There are two ways to enter the contest.First, customers can update their investor profile by meeting with an advisor at their branch. By updating their customer’s investor profile, advisors are able to […]
Registered retirement savings plan contributions reached a record $32.4 billion in 2006, Statistics Canada reported today. Contributions rose 5.8% from 2005.Just under 6.2 million taxfilers contributed to an RRSP in 2006, an increase of 60,000 or 1% from 2005. This was the highest level since 2001, when over 6.2 million people contributed to an RRSP.Alberta […]
This year’s federal budget tacked another couple of years onto the maturity date of RRSPs. For 2007 and subsequent calendar years, the conversion age for RRSPs will be moved to the end of the year in which the holder turns 71. It was 69 previously. The budget changes recognize the fact that people are living […]