News Releases

- Residents in Manitoba and Saskatchewan lead country in RRSP adoption

- More than 40 per cent have or will be making a contribution to an RRSP this tax year

- Prairie Provinces are the most optimistic when it comes to their outlook for the financial markets

- However, more than three quarters are concerned about the performance of their RRSPs given current financial markets

- Three-in-five Albertans are confident in their ability to save for their ideal retirement lifestyle-making them among the most confident in Canada

- Yet, almost half of those surveyed do not plan to make an RRSP contribution this tax year

- Seventy-eight per cent of Albertans express concern over the performance of their RRSP, given market volatility and the state of the economy

- Almost 60 per cent of B.C. residents believe they are on the right path to realize their ideal retirement lifestyle

- However, 72 per cent are worried about the performance of their RRSPs given the current state of the economy

- B.C. residents most likely in Canada to contribute less to their RRSP than last tax year

- One-in-three lack confidence in their ability to save for retirement - twice as many as during the 2010 tax year

- More than two-thirds express concern over the performance of their RRSP, given market volatility and the state of the economy

- Almost 70 per cent of Canadians plan on contributing more or the same amount to their RRSP this tax year compared to last

- In 2010 the average RRSP contribution was $4,700

- Almost two-thirds of Quebecers feel confident in their ability to save for their ideal retirement lifestyle

- Forty per cent have or will be making a contribution to an RRSP before the February 29, 2011 deadline - above the national average

- More than half either feel the same or are more optimistic about the markets compared to last year

- However, more than 60 per cent are concerned about the performance of their RRSPs