Registered Retirement Savings Plan (RRSP) toolkit
By Brenda Spiering, Editor, BrighterLife.ca
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:
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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. |
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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. |
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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. |
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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? |
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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? |
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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. |
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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? |
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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.




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