Deadline approaching to buy an RRSP
Time is running out to buy an RRSP and take advantage of the tax break.
CIBC Wood Gundy Financial Advisor Dom Tersigni says with new tax free savings accounts people are split on where to put their money.
Tersigni says the advantage of the tax free account is there is no penalty if you have to pull money out.
But with RRSP's , you have a wide array of investment choices and all the money your investment earns is tax free as long as you leave it in the savings plan.
Tomorrow is the deadline to buy an RRSP.