Less than half of Canadians contributed to their RRSP this year
Posted March 1, 2012 6:33 pm.
This article is more than 5 years old.
The deadline to contribute to an RRSP has come and gone but less than half of Canadians invested.
About four in ten Canadians kicked in to their RRSP; that number is basically unchanged from the previous two years.
On Average, Canadians contributed $4,670 this year compared to $4,538 last year.
Men were more likely to have contributed to an RRSP than women this year (41 per cent versus 34 per cent).
Mutual funds were the investment of choice this RRSP season with 59 per cent of Canadians investing in them, followed by GICs (25 per cent), equities (22 per cent), bonds (12 per cent) and ETFs (6 per cent).
Of those who did not make a contribution this year, 61 per cent cited a lack of funds as the reason.
