It’s RRSP Time Again!

Posted on January 7, 2008 at 3:06 pm
Filed Under Financial Planning, Investment Planning, Retirement Planning

We at SAFEBRIDGE hope you all had a very Merry Christmas and an amazing start to the New Year!

The beginning of January marks the end of yet another year and the potential of another great year. It also marks the beginning of what is affectionately called RRSP Season. Many Canadians take advantage of the first two months of a new year to add too or top up their existing RRSP. This year’s deadline is February 29th due to the leap year, and the maximum contribution amount is the lessor of $19,000 or 18%.

Your Take-Away: Why wait until the last week, or even the last day, to make your annual RRSP deposit? This is a great time to take a serious look at your overall financial situation and determine for yourself if you are track to achieving your desired retirment and financial goals. By beginning the process of determining where you are, where you want to be, and how much you have to contribute now, you will be better prepared to make the right decision for you and your family.

Until next time, have yourself a Magnificent Monday!

Chris

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