WINNIPEG, MANITOBA and REGINA, SASKATCHEWAN — (Marketwire) — 03/04/12 — BMO Financial Group today released the findings of its Third Annual Post-RRSP Deadline Study, which found that Manitoba and Saskatchewan led the country (tied with Alberta) with 42 per cent of residents having made or planning to make a contribution to their Registered Retirement Savings Plan (RRSP) before the February 29th deadline. Last year, 38 per cent of residents from those two provinces made a contribution.
The study also found that:
“It-s great news that residents in Manitoba and Saskatchewan were the most active in the country in contributing to an RRSP,” said Chris Dyer, Investment Sales Manager, Manitoba & Saskatchewan, BMO Financial Group. “However, the ongoing volatility we-re seeing in the markets these days makes it critically important that people also have a financial plan in place that keeps them on track to effectively deal with future life events, including retirement.”
Key National Findings:
“Many Canadians are financially stretched and saving for retirement often gets pushed down the list of priorities,” said Tina Di Vito, Head of the BMO Retirement Institute. “However, saving for retirement doesn-t have to happen all at once. The key is to make regular contributions to your RRSP, regardless of the amount. You-ll be surprised how quickly your nest egg will grow over time.”
BMO offers advice on how to find those extra dollars for your RRSP:
For more information on planning for retirement, please visit .
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The survey was completed online from February 21, 2012 to February 23, 2012, using Leger Marketing-s online panel, LegerWeb, with a sample of 1,500 Canadians. A probability sample of the same size would yield a margin of error of +/- 2.5%, 19 times out of 20.
About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $538 billion as at January 31, 2012, and more than 47,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.
Contacts:
Media Contacts:
Amanda Robinson, Toronto
416-867-3996
Laurie Grant, Vancouver
604-665-7596