Clients can take advantage of the Homebuyers’ Plan and the Lifelong Learning Plan
Halloween is over, but many Canadians remain spooked about adding to their RRSPs this season.If any of your clients fall into that category, you can help by reminding them that contributing regularly to RRSPs and other savings programs — regardless of market turbulence — is crucial to achieving financial security in retirement. As Investment Executive […]
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 […]