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BMO Financial Group

February 25, 2011 16:51 ET

Media Advisory/Interview Opportunity-BMO: Unused RRSP Contributions Will Exceed $1 Trillion in Less Than a Decade

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2011) - March 1st is the deadline for contributing to a Registered Retirement Savings Plan (RRSP).

A survey commissioned by BMO indicated that almost half of Canadians have or will be making an RRSP contribution this year. However, few will contribute the maximum amount for which they are eligible. According to the BMO Retirement Institute, based on current trends, it is projected that unused RRSP contribution room will exceed $1 trillion by 2018.

BMO has local area experts available to discuss this and the benefits of maximizing your RRSP contribution every year.

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