MONTREAL, Feb. 20, 2014 /CNW Telbec/ - According to an Omnibus survey of
1,000 Internet users 18 or older conducted by the National Bank Research team between January 7 and 9, 2014, some
54% of Quebec residents say they would need to have a minimum amount of
funds available to contribute to their RRSP.
When asked to specify, the average of the amounts turned out to be
$2,750, a figure that suggests investors may want to reconsider their
approach to RRSP planning, according to Daniel Laverdière, Senior
Manager - Financial Planning and Advisory Services at National Bank
Private Wealth 1859.
"The most surefire way to reach your savings objectives is to make
regular contributions to your RRSP or TFSA. In addition to the income
tax refund that RRSP contributions generate, putting even a little
money aside regularly can add up impressively over time. Saving is also
an excellent way to learn about investments," explains Mr. Laverdière.
"Once you begin receiving investment statements, your level of
knowledge increases."
He believes that systematic saving remains an excellent way for
investors to plan their annual RRSP contribution. "You can establish a
fixed amount to be deducted from each paycheque, allowing you to invest
regularly. This approach has numerous advantages, including helping you
remove emotion from your investment decisions, reduce risk and spend
discretionary income more wisely," he added.
"The Bank has also developed a valuable tool, the Investment Track,
which is available both on our website (www.nbcmore.ca/investmenttrack) and as an iPad app, allowing investors to accurately assess their
savings efforts," explained Mr. Laverdière.
Among the 1,000 investors surveyed, 53% stated that they did not intend
to contribute to their RRSP over the next three years, while 36%
planned to do so.
National Bank would like to remind its clients that there are several
ways to contribute to their RRSPs. They can meet with a branch advisor,
contribute by phone via our dedicated 1-877-779-7337 line, or log on to
www.nbc.ca/rrsp. National Bank Direct Brokerage clients can call 1-800-363-3511 or
transfer funds online at nbdb.ca.
About National Bank of Canada
With $188 billion in assets as at October 31, 2013, National Bank of
Canada (www.nbc.ca) together with its subsidiaries, forms one of Canada's leading
integrated financial groups, and has been named among the 20 strongest
banks in the world by Bloomberg Markets magazine. The Bank has close to
20,000 employees and is widely recognized as a top employer. Its
securities are listed on the Toronto Stock Exchange (TSX: NA). Follow
the Bank's activities via social media and learn more about its
extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.
SOURCE National Bank of Canada
