The March 2^nd deadline is fast approaching – have you saved for your retirement? The March 2^nd deadline only applies to those wanting to use their RSP contribution towards their 2014 tax year however it does serve to light a fire under those who procrastinate year round! If you plan to complete a 2014 RSP contribution, sooner rather than the last minute will save you time.

As for retirement savings year round, here are some tips to make it easy on yourself:

• Know your contribution limit (look on your most recent tax assessment)
• Set up monthly automatic savings contributions
• Top up your RSP with any extra savings when you can (work bonus, tax refund)
• If you’ve withdrawn from your RSP’s under the Homebuyer’s or Lifelong Learning Plans, know what you must re-contribute to comply with the program and to avoid tax consequences

Happy saving!