Simply put

Registered Retirement Savings Plan (RRSP) toolkit

By Brenda Spiering, Editor, BrighterLife.ca

Comments (4)

The February 29, 2012 RRSP contribution deadline for 2011 is fast approaching. Have you made your contribution yet?

If not, don’t despair. There’s still time. Sure, it would have been better to have contributed earlier in the year so you could have benefited from a little more tax-sheltered growth. But the important thing is just to contribute.

There’s no question an RRSP is one of the best ways to save for your retirement. So, be proud of yourself for taking action now!

To help you on your way, we’ve assembled the following handy RRSP toolkit:

 Image of a calculator Start with some tools and calculators
Unsure how much you need to save for your retirement? Make planning for the future a little bit easier with: Retirement tools and calculators.
 Image of computer monitor. Watch a simply put video overview
Learn about the key financial incentives provided by the Government of Canada by watching: Registered Retirement Savings Plans, simply put.


 Image of mortar board Learn eight simple RRSP facts everyone should know
Looking for a summary of the RRSP basics? You’ll find everything you need to know in: The simplest RRSP primer ever.
 Image of an upwards arrow Figure out your RRSP contribution limit
Everything has its limits, including your RRSP. Make sure you contribute the right amount by checking out: How much can you contribute to an RRSP?


 Image of stack of bills Consider whether to save in an RRSP or a TFSA
Confused about the best savings option for your needs? Get a snapshot of the key differences in: Where to stash your cash: RRSP or TFSA?
 Image of RRSP box of savings Learn how to avoid common RRSP mistakes
Watch the first of Kevin Press’s interviews with personal finance columnist, Jonathan Chevreau: Common mistakes people make in RRSP season.



 Image of a house Decide whether to pay down your mortgage or debt instead
Watch the second of Kevin Press’s interviews with Jonathan Chevreau: Should you pay down debt or save for your retirement?
 Image of scales Weigh the advantages of borrowing to invest
Strapped for cash? Consider the advantages and disadvantages of taking out an RRSP loan in: Should I borrow to contribute to my RRSP?

Looking for financial planning advice?
Talking with an advisor can help ensure you’re on track to meet your financial and retirement planning goals. Don’t have an advisor? Visit Sun Life Financial Advisor Match to help you find one in your area.

Add a new comment:

Note: Please be sure to read our commenting policy and terms and conditions for this site. We reserve the right to delete any comments that we view to be in violation of our policy. The name you provide will appear next to your comment. Thank you!

Your email address will not be published. Required fields are marked *

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Connect to your Brighter Life