What should I do if I want to deposit to my RRSP but find it hard to come up with the full amount?

First, think about the amount you would like to deposit for the year; then we can set up an automatic monthly withdrawal from your bank account that goes directly into your RRSP.

There are many advantages for this strategy:
• The monthly amount is small and manageable, more so than a larger lump sum
• It is automatically withdrawn from your account – so not available for spending throughout the year
• The money grows faster because it is invested sooner
• You can increase (or decrease) the monthly amount at any time and…
• You don’t need to do anything come January or February!

We can also set this arrangement up for clients who are interested in depositing into their TFSA accounts and/ or their non registered funds.

For more information:

Bridge to Prosperity is a unique Business and Wealth Management Firm. We are passionate about helping our clients be better prepared for retirement, whenever that may be. We are also happy to provide second opinion.
All our services are free of charge.