Need-a-source: What Canadians need to know this RRSP season

TORONTO, Feb. 3, 2022 /CNW/ - As economic uncertainty persists, a growing number of Canadians are adjusting their savings and retirement plans as compared to last year. According to a recent TD survey, the majority (59 per cent) of respondents revealed they have altered their savings goals due to changing circumstances over the last two years. This is in contrast to a survey conducted last year, when only one in three (35 per cent) of Canadians said their savings and retirement plans had been impacted by the pandemic.

As the 2022 RRSP season is in full swing and Canadians evaluate their savings goals, TD professionals are ready to help, both in person and virtually, offering tips and guidance around building a financial plan and ways to meet both short and long-term savings goals.

"There's no "one-size-fits-all" plan when it comes to saving for retirement", says Jared Jarman, Associate Vice President, Specialized Advice at TD. "Whether you're just starting out on your savings journey or are dealing with a change in your financial circumstances, we're here with advice and tools that can help."

When it comes to investment know-how, Canadians are truly split, with only half of survey respondents (50 per cent) claiming to be confident in their level of investment knowledge, and nearly four in 10 (37 per cent) saying they're not confident they'll be able to achieve their savings goals.  And while the majority (58 per cent) of Canadians routinely set financial goals, a large number (43 per cent) admit they do not. 

Sources available for interview:

As Canadians look to be more confident in their savings journey, Jared Jarman, Associate Vice President, Specialized Advice at TD is available to speak to how they can ensure their goals are reflective of their changing needs.

About the TD Survey

Results are based on an Ipsos poll conducted online between Jan. 7 and 10, 2022, on behalf of TD. A sample of 1,500 Canadians aged 18 and over were interviewed for this survey.

About TD Bank Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Group ("TD" or the "Bank"). TD is the fifth largest bank in North America by assets and serves more than 26 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian Retail, including TD Canada Trust, TD Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD Insurance; U.S. Retail, including TD Bank, America's Most Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an investment in The Charles Schwab Corporation; and Wholesale Banking, including TD Securities. TD also ranks among the world's leading online financial services firms, with more than 15 million active online and mobile customers. TD had CDN$1.7 trillion in assets on October 31, 2021. The Toronto-Dominion Bank trades under the symbol "TD" on the Toronto and New York Stock Exchanges.

SOURCE TD Bank Group

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