As a personal finance blogger, I feel it would be irresponsible to not post something to do with RRSP contributions. We are now in the last week of February. You may notice recently the offices of the financial advisors at your bank are consistently packed. There are advertisements and articles in every financial magazine or newspaper reminding you to contribute now. Contributing to your RRSPs is incredibly important, I’m not going to tell you otherwise even for an instant. Having meals is also really important. Do you have the whole day’s worth of food at night – or do you spread it out? Is there really such thing as an RRSP Season?
This is what I think every February. Why do so many Canadians wait until the end of the tax year to contribute?