RRSP exit poll shows 42 per cent of eligible Canadians made an RRSP contribution for 2006
Almost one-quarter of the same group has also booked a vacation to a warmer climate this winter.
WINNIPEG, MB – March 8, 2007 – The results are in and Investors Group’s first ever RRSP exit poll shows 42 per cent of eligible Canadians made an RRSP contribution for the 2006 tax year, despite the market turbulence last week.
Conducted immediately following the 2006 contribution deadline, the RRSP exit poll offers a first glance at Canadians’ RRSP decisions this year.
The results also show that working with a financial advisor has a positive influence on retirement savings: 55 per cent of those who made an RRSP contribution consulted a financial advisor, and 24 per cent of those individuals decided to contribute more money to their RRSP after speaking with an advisor.
Regionally, Albertans were the most likely to have contributed to an RRSP with 53 per cent having invested compared to 42 per cent nationally.
Boomers were also enthusiastic RRSP contributors, with 51 per cent of eligible Canadians aged 45 – 64 making an RRSP contribution. The average RRSP contribution among Boomers willing to disclose their contributed amount was $6,006.
RRSP contributors are also more likely to have vacation plans this winter: while 18 per cent of working Canadians have plans to travel to a warmer climate this winter, 24 per cent of RRSP contributors have made vacation plans.
The Decima data were gathered between March 1st and March 4th, 2007, through Decima teleVox. Results are based on a sample of 1,026 Canadians and the corresponding margin of error is 3.1%, 19 times out of 20.
Investors Group, founded in 1926, is a national leader in delivering personalized financial solutions to Canadians through a network of over 3900 Consultants located throughout Canada. In addition to an exclusive family of mutual funds and other investment vehicles, Investors Group offers a wide range of insurance, securities, mortgage and banking services. Investors Group is a member of the IGM Financial Inc. (TSX: IGM) group of companies. IGM Financial is one of Canada’s premier financial services companies with $121 billion in total assets under management.
| For more information contact: | |
|---|---|
| Ron Arnst Media Relations (204) 956-3364 ron.arnst@investorsgroup.com |
Laura Vallis Environics Communications (416) 969-2781 lvallis@environicspr.com |
