Now is a good time to consider setting up an automatic transfer to your RRSP plan. The advantages of doing this are as follows:

• Earlier investment in your RRSP means higher tax sheltered investment income
• You can use the RRSP contributions to reduce your payroll withholding taxes, effectively receiving a portion of your annual tax refund on a monthly basis.
• Small regular amounts are usually easier to find than large lump sums once a year. Many people don’t even miss the smaller amounts.
• You are less likely to spend your RRSP savings on other things.

Please contact your accountant at Harvey, Lister & Webb Incorporated to discuss the possibilities.

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