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Benefits of workplace pension plans and RRSPs
In Canada more than four million invest in RRSPs while only about 40 percent of workers are in company pension plans. Employers often contribute to the plan, making it advantageous to join if possible. Avoid cashing RRSPs early due to tax penalties and higher future tax bills. Mr. Mardon, Manager of Community Relations for Investors Group Inc., Winnipeg, notes combining plan contributions with RRSPs up to limits.
MENTIONED IN THIS ARTICLE
Canada
Quebec
Manitoba
Mardon
Investors Group Inc