Three last-minute RRSP tips

Time is running out to make your RRSP contribution and take advantage of a tax deduction for 2013. With the March 3, 2014 deadline fast approaching, here are three last-minute tips to consider:

1. Find an advisor **

Chasing returns or the next big thing can only lead to disappointment. Guidance from an experienced investment advisor will take emotion out of the mix and help you meet your financial goals.

2. Contribute now

Don’t worry about how to invest your RRSP contribution. Temporarily park your contribution in a money market fund today and re-balance your portfolio tomorrow.

3. Diversify, diversify, diversify

Canada’s equity market represents only about five per cent of the world’s entire stock market. It makes sense to diversify your portfolio and invest in global markets. Consider different asset classes too to limit risk. 


**If you need further information on this or for a referral to a financial planner please call 250 862 1806 or email [email protected].

More The Mortgage Gal articles

About the Author

Laurie Baird and Tracy Head are mortgage brokers with Verico Complete Mortgage Services. Together they have over 45 years of experience in the mortgage industry.

As mortgage brokers, Laurie and Tracy spend time getting to know the people they work with and help them understand the mortgage process. They support their clients before, during, and after a home purchase.

Laurie and Tracy are able to offer their clients advice and options. With access to over 40 different lenders, Laurie and Tracy are able to match the needs of their clients with the right mortgage package. They work closely with their clients to find the right fit, and are around to provide support for years down the road!

Contact them at 250-862-1806 or visit:

Visit Laurie's blog at: https://www.okanaganmortgages.com/blog

The views expressed are strictly those of the author and not necessarily those of Castanet. Castanet does not warrant the contents.

Previous Stories