Quote:
Originally Posted by Derek Sutton
So this isn't going to set any of us for for early retirement but I will share something I found out recently. My company has no pension but they match RRSP contributions up to 5% (pre tax), it is all through Manulife. You can go online and change your contirbution % how you want. I tinkered with mine for a bit last year and found that my take home is (very) slightly more by increasing my contribution from 5% to 7%. Son instead of saving 10% annualy I save 12% and get an extra $14 a month on my pay cheque.
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Holy ####!
I have been putting away for the past 4 yrs, but today was when i actually looked at how much they match. I am "overpaying" into my company one, I will be lowering my contributions to match the max the company puts in, and putting the rest into my own RRSPs.
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Captain James P. DeCOSTE, CD, 18 Sep 1993
Corporal Jean-Marc H. BECHARD, 6 Aug 1993
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