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Every Month is RRSP Month

Don't fall into the habit of thinking RRSP season is a season. You’ll be much better off if you make ongoing, monthly contributions to your RRSP throughout the year as opposed to one lump sum in February.

For instance, if you know you’ll be putting in $1,200 into an RRSP account, deposit $100 every month. The compound interest you gain really adds up and you won’t be stuck looking for a large amount of cash right after the holiday season.

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