This year’s deadline for contributing to your Registered Retirement Savings Plan (RRSP) is February 29. 2016.

An RRSP is an account that you use to save for your retirement. It is registered with the federal government, and you set it up through a financial institution. There are different investment products that you can hold in your RRSP account. You can discuss with your financial advisor what types of investments an RRSP account can contain. You can also visit the Investing 101 or Informed Investing sections of InvestRight to find out more about various investment products.

You do not have to rush into a decision about a particular investment product at deadline time. As long as you make your contribution by the deadline, you can determine where you want the funds to be allocated at a later date.

Suggested Reading

In your community this month - June 2011

Answers to a few questions asked at our Smart Shoppers 2011 booth

Manitoba issues warning about Genius Funds

More Resources

In your community this month – July 2011

  In your community this month BCSC staff ambassadors tour the province, helping people to protect themselves from fraud and unsuitable investments. Our goal is to enable BC investors to develop critical thinking skills so they can become more informed of steps they should take to protect themselves when investing. Where we are this month  […]

Capital Ideas: Why SMEs are so important to our economy

We are hosting a joint conference with the Alberta Securities Commission to talk about the vital role of small and medium size enterprises (SMEs) to BC and Alberta’s economy. Iain Black, BC Minister of Small Business, Technology and Economic Development spoke at the Vancouver Board of Trade this week. He told us that a whopping […]