Derek Clouthier
With the RRSP contribution deadline right around the corner for 2020 income taxes, advisors are seeing a surprising trend in a year upended by a global pandemic.
Despite Covid-19’s impact, many clients who were fortunate enough to maintain regular employment have been making the same RRSP contributions as they have in the past, and some are even putting more into the retirement fund.
But that doesn’t mean financial advisors weren’t being proactive when the coronavirus first hit.
“In the beginning of the pandemic, we reached out to the clients who were making systematic monthly RRSP contributions,” said Leanne Kohtala, senior financial advisor for Manulife Securities in Timmins, Ont.
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