The industry supports legislative changes made by the provinces, but there is still work to be done
The Liberals also raised OAS payments and proposed a foreign real estate tax
Total and median contributions rose in the 2019 tax year
Increased savings and a hot market mean many advisors are managing client FOMO
Some clients may be reluctant to maximize their RRSPs for fear of missing out on other tax advantages
Pandemic uncertainty weighs on clients, recent polls suggest
Most respondents (70%) said it was hard to know what to do in the current environment
Plans for RRSP contributions remain consistent despite the pandemic
The program consists of roughly 1,800 group plans
Withdrawals exceeded contributions, but strong markets boosted pension assets