According to a recent poll done by a leading Canadian bank, more than half of us wonโt be contributing to an RRSP this year.
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We also recently outlined the differences between an RRSP and TFSA (Tax Free Savings Account) contribution.
Other key findings of the bank sponsored poll include:
- 54 per cent of Canadians indicate that they will not make an RRSP contribution for the 2014 tax year
- 32 per cent of Canadians intend to contribute
- 16 per cent have already made their RRSP contribution
- 16 per cent say they plan to contribute
- 14 per cent say they are undecided about contributing