RRSP’s – Yes, it’s that time of year.

With the March 1st deadline around the corner, it’s a good time to revisit your overall financial plan to determine if you should be making an RRSP contribution for the 2021 tax year. In January 2022, Canada’s inflation rate hit a 30-year high of 4.8% after months of articles and analysts identifying it as the number one investment risk for 2022. What is inflation? In short, inflation is the decline of purchasing power of a given currency over time, reflected in the cost of living.