Contribute to your RRSP throughout the year

Did you know that the secret to making significant RRSP contributions without affecting your budget is to make regular contributions all year long?

In fact, if you have a regular income, contributing to your RRSP by regular instalments (e.g.: weekly or monthly) is THE most effective, flexible way to build your portfolio. Your investment starts bearing fruit from the first day, and your earnings accumulate more rapidly than if you only contributed once a year.

Example

Amount accumulated after 30 years at 6.5%

$5,000 contributed at the end of each year	$431,874
$5,000 contributed in 12 equal instalments each year	$447,291

Assuming a growth rate of 6.5% over a period of 30 years, making monthly RRSP contributions would earn you $15,417 more than a single, year-end contribution.

Interested? Here are two ways to do it.

1. Authorise your caisse to withdraw the amount you choose as often as you like.
2. If you already have an RRSP Regular Savings Account, you can log on to AccèsD and set up the instalments to be made in advance at the frequency you want.

No need to give it another thought – transfers are made automatically.

Get more RRSP tips

	By phone (Members)	Montreal area: 514-522-2373 Elsewhere in Canada and the US: 1-800-CAISSES (1-800-224-7737)
	At the caisse (Members and non-members)	Contact an advisor at a caisse.