Why the best RRSP season strategy may be to take RRSP season out of the equation altogether

The RRSP deadline shouldn’t cause you to rush into buying something that duplicates what you already have, or you don’t understand.Mike Faille/National Post illustration files

RRSP seasons aren’t what they used to be. You may remember the 1980s and 90s when they were a big deal. Banks stayed open late so we could get our contributions in, and there was advertising coming at us from all directions.

Today, the hoopla isn’t there, but January and February are still the busiest months for investment firms. RRSP and TFSA contributions are a part of that, but it’s also a time when investors sit down and evaluate their portfolios. They have their annual account statements in hand, and more indoor time to consider next steps.

In the spirit of the season, here are some things to think about this year.

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