Quote:
Originally Posted by Agamemnon
There are limitations... I'm not sure if they can do 'every 2 weeks', they seem (as far as I know) to only be able to pick certain days a month... great if you paid on the 1st/15th, unworkable if you get paid every 2 weeks (at least, if you want it out right after payday).
Definitely the easiest way to save... and if you have it go directly into RRSP's, you won't even be able to touch the money in a weak moment (unless you're cool w/ the disadvantages of taking out RRSP money...).
In the end I found it was better to control this stuff myself, but the auto-withdrawal definitely help the 'willpower' aspect of saving for investing.
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You can also have an investment advisor set this up for you, and set-up a withdrawal to come out as often as you like.