How Automatic RRSP and TFSA Contributions Pay Off
Having an automatic monthly RSP deduction gets your money working sooner for you than contributing one large deduction at the end of the year, and may make your retirement savings grow larger as well. If you already do have automatic deductions, try and increase it every year. Even increasing by $5 a month can make a large difference to your retirement savings over time. Originally published April 19, 2016.