BMO Annual RRSP Study

Canadians Using RRSPs to Fund Everyday Expenses and Debt Repayment - Seite 2

"Investing in a TFSA or putting funds in a high interest savings account to keep funds liquid and accessible is a good alternative to dipping into your RRSPs prematurely for non-retirement expenses. These short-term savings could be viewed as an emergency fund that will allow you to withdraw money for unexpected future needs without having to incur unnecessary taxes or jeopardize your retirement savings," says Mr. Buttigieg.

For more information on saving for retirement, please visit www.bmo.com/retirement.

For more information on investing, please visit bmo.com/investments.

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The BMO RRSP Survey was conducted by Pollara between December 14th and 19th 2016, with an online sample of 1 500 adult Canadians. Data has been weighted using the latest census data to be representative in terms of age, gender and region. The margin of error for a probability sample size of 1,500 is ± 2.5% 19 times out of 20.

About BMO Financial Group

Established in 1817, and currently marking its 200th year of operations, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $688 billion as of October 31, 2016, and more than 45,000 employees, BMO provides a broad range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.

Media contacts:
Mark Beazley, Toronto
416-867-3996
[e-mail]

Valerie Doucet, Montreal
514-877-8224
[e-mail]