You have until March 1 to put money into a registered retirement savings plan and get a refund on your 2018 income taxes. Things are different for gen-X savers (born between 1965 and 1979) and generation Y or millennial savers (born between 1980 and 1994). Younger people are not seen as attractive clients by Canada’s financial institutions unless they have a steady income and high net worth. You need at least $100,000 in assets to get a customized financial plan at Canada’s big banks. “We think we can save average middle-class Canadians $1 million during their lives, just by information alone.” Everything starts with a free financial plan at Planswell.com.

Source: thestar February 12, 2019 11:26 UTC