News Releases

Media Advisory/Interview Opportunity - BMO: Canadians Have Less Than 48 Hours to Make 2010 RRSP Contribution

March 1st is the deadline for contributing to your RRSP
Half of Canadians have or will be making a contribution this year
BMO offering multiple options for Canadians looking to contribute
BMO Experts available to provide last minute RRSP tips

TORONTO, February 28, 2011 – BMO Financial Group reminds Canadians that they have less than 48 hours to contribute to their Registered Retirement Savings Plans (RRSPs) for the 2010 tax year.

According to a recent BMO Financial Group survey, close to half of Canadians have made or will be making an RRSP contribution before the deadline this year. BMO urges Canadians to contribute in order to save for their retirement and take advantage of valuable tax breaks.

The bank is offering multiple options to those interested in building their retirement savings. People can:

Take advantage of extended hours at many BMO branches
Call 1-800-665-7700 to make a contribution over the phone
Visit www.bmoinvestorline.com to contribute online until 11:59pm (for cash contributions)

“Securing your retirement is an important component of improving your financial well being,” said Caroline Dabu, Vice President, Retirement & Financial Planning Strategy, BMO Financial Group. “There is still time to make a contribution to your RRSP and we encourage all Canadians to consider doing so. Not only will they be building their retirement savings, but they may also be reducing their overall tax bill.”

BMO has financial experts in every region available for last-minute RRSP interviews and wrap-up stories. They can provide investment expertise and advice on a number of topics, including:

Top last-minute RRSP investing tips
RRSP advice for small business owners
What investment vehicles to include in your RRSP portfolio
Borrowing to invest
Determining how much to save for retirement
Investing your RRSPs after March 1st
Using your RRSP refund to invest in a TFSA

About BMO Financial Group
Established in 1817 as Bank of Montreal, BMO Financial Group is a highly-diversified North American financial services organization. With total assets of $409 billion as at October 31, 2010, and more than 38,000 employees, BMO Financial Group provides a broad range of retail banking, wealth management and investment banking products and solutions.

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For more information or to arrange for an interview, please contact:

Amanda Robinson, Toronto, amanda.robinson@bmo.com, (416) 867-3996
Sarah Bensadoun, Montreal, sarah.bensadoun@bmo.com, (514) 877-8224
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596