Back to top Set up a regular contribution plan. If you find it hard to come up with your RRSP contribution at deadline time, make regular monthly contributions, automatically deducted from your bank account. Money that you never see is much harder to spend, and you get used to living without it. This avoids having to come up with a lump sum, especially in February when Christmas bills are coming in. Back to top Start saving as early as possible for children's post-secondary education.
Compound growth can make a huge difference over time.
Now 25 per cent of the book value or purchase price of your RRSP assets. Canada accounts for less than 4 per cent of world markets, and investors can benefit by shopping the world for opportunities. Many international markets have outperformed Canada over the years. A portfolio including a mix of Canadian and foreign investments actually lowers risk and has historically offered better returns. Back to top Consider your whole family in your investing and financial planning.