Filed Under:Markets, Employee Benefits

BMO: Canadian RRSP contributions rise in 2013

The proportion of Canadians who have made or plan to make a contribution to their Registered Retirement Savings Plan has increased by 35 percentage points in 2013, according to a new a report from Toronto-based BMO Financial Group.

The company’s fourth annual “Post-RRSP Deadline Study,” conducted during the last week of February, concludes that 63 per cent of Canadians contributed to their RRSP, or plan to do so, before the March 1 deadline stipulated under Canadian law. This number represents an increase over March of 2012, when only 38 per cent contributed or expected to contribute to their RRSP before the deadline.

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Nichole Morford

Nichole Morford
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