TORONTO, ONTARIO — (Marketwire) — 02/28/13 — BMO Financial Group reminds Canadians that they have until midnight on Friday to make a contribution to a Registered Retirement Savings Plan (RRSP) in order to take advantage of valuable 2012 tax deductions.
According to a BMO Financial Group RRSP study, 74 per cent of Canadians with an RRSP said they had already made or planned to make a contribution towards their RRSP before the deadline. Additionally, three-quarters of those surveyed indicated that they planned to contribute the same amount or more compared to last year (the average amount contributed for the 2011 tax year was $4,670).
For Canadians interested in making a last-minute contribution to their RRSP, BMO has a variety of options available:
“Investing in an RRSP and securing savings for your retirement is an investment in your future and a critical component of your overall financial plan,” said Chris Buttigieg, Senior Manager, Wealth Planning Strategy, BMO Financial Group. “If you haven-t already done so, make an RRSP contribution before the deadline. For those who still have contribution room available, consider a top up to fully maximize the benefits of contributing to an RRSP.”
For last-minute RRSP interviews and wrap-up stories, BMO has a variety of financial experts available from across Canada who can provide investment expertise and advice on a number of topics, including:
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Contacts:
Media contacts:
Rachael Mckay, Toronto
416-867-3996
Valerie Doucet, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596