How to Reduce Your Stress During RRSP Season

As the March RRSP deadline for the 2018 tax year approaches, many British Columbians experience feelings of guilt and anxiety just thinking about retirement savings.

A Coast Capital Savings poll conducted by Mustel Group Market Research finds that one-third of British Columbians experience either guilt or anxiety when hearing the acronym “RRSP” (21 per cent felt guilt and 13 per cent felt anxiety).

“RRSP season is a time when people are assessing their retirement savings. For many, that assessment doesn’t line up with where they had hoped to be,” says Daryl Hosein, Coast Capital Savings’ Vice President of Treasury. “Our poll found that 67 per cent of British Columbians have a hard time saving for retirement because of day-to-day living expenses, which helps explain why people are feeling overwhelmed.”

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