It’s that time of the year again: RRSP season. Mar 1 is the official deadline to buy RRSPs.

Registered Retirement Savings Plan (RRSP) “help Canadians achieve some goals by deferring the taxes,” explained Fabrice Duquette, financial councilor.

Any Canadian resident 71 years and younger with a taxable income are able to open an account at their personal bank or through a private financial planner.

“Buy 1 less bottle of wine and you’ll probably have 100,000 in 25 years from now,” stated Johanne Coiteux, investment advisor.

Here are Fabrice Duquette and Johanne Coiteux speaking with CIDI: