That's when most RRSP contributions are made, even though we all know you can contribute any time of the year. It used to be that just about everybody said you couldn't go wrong investing in just about any proven form of RRSPs. But this year's RRSP buyer faces an unusually uncertain market. That's made finance columnist Gordon Pape substantially change his tone. There's also the fear brought about by last year's roller-coaster of a stock market.
Some people are understandably nervous about putting their money in an unsettled market.
Still, most experts point out that you don't need to decide exactly where you invest your RRSP money right now. At least if you're reading this, you're probably thinking of making an RRSP contribution. Millions of your fellow Canadians won't this year, or next year, or any year. And that's a real shame. Canada's Registered Retirement Savings Plan is just about the best tax-deferred retirement shelter any working stiff can get in this world.