5 common RRSP pitfalls

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

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.