Time to shift that parked RRSP contribution into drive

If you’re one of the millions of Canadians who scrambled to meet the deadline and temporarily “parked” their RRSP contributions in cash, the time has come to put it in drive as part of a broader portfolio strategy.

Your reward starts with a lower 2023 income tax bill and continues with tax-free growth on the investments inside until they are withdrawn in retirement.

If you’re one of the millions of Canadians who scrambled to meet the deadline and temporarily “parked” their contributions in cash, the time has come to put it in drive as part of a broader portfolio strategy.

There is no deadline to invest your contribution but it’s important to put it to work as soon as possible to seize the power of compounding over time.