RRSPs benefit your clients, but they also come with financial pitfalls if people make mistakes while managing them.

These missteps can include not reviewing their listed beneficiaries regularly, as well as claiming deductions in years that offer only small tax advantages. Read more.

Also read:

Canadians prefer to hold mutual funds in RRSPs

RRSPs can be a tax burden

Affordability a barrier to RRSP contribution

Be careful about RRSP withdrawals

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