By not using all your RRSP contribution room, you could be choosing between retiring and retiring comfortably.

You make registered retirement savings plan (RRSP) contributions. But how much RRSP contribution room do you have left to use? If you’re like many of the Canadian investors polled by Statistics Canada in 2006, you probably contributed only seven per cent of your allowable limit.

Whether you’re financially comfortable during your retirement could depend on how effectively you save today. That’s why it’s important we meet soon to discuss how your present financial security plan matches the retirement you envision.

By choosing to use more of your RRSP contribution room now, before the March 2 contribution deadline, you‘ll give more money more time to grow, and give yourself the best opportunity for long-term financial success and a comfortable retirement.

An RRSP catch-up loan can help you use more of your available contribution room. It also provides you with a tax deduction that could in turn provide you with a tax refund (depending on your personal income tax situation). This money could even be used to help pay down your RRSP catch-up loan.

This is just one of the savings strategies we can examine once we’ve reviewed your present situation. Together, we’ll find the best retirement savings plan for you now and in the future.

If you have RRSP questions, please contact me at 416 500 9195.

Carolyn