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Audio clips via CNW - Last minute RRSP advice from TD Waterhouse

3 minute read
By TD Bank Group
• Feb 20, 2007
TORONTO, Feb. 20 /CNW/ - The following Radio Clips are available at the listed times and co-ordinates: DATE(S) OF FEED: Tuesday Feb 20, 2007 TIME OF FEED(S): 1:45 PM ET and 2:45 PM ET CO-ORDINATES: BN Channel 4 Or contact CNW at broadcast@newswire.ca or 416-863-5615 to request an MP3 copy of the audio files STORY SUMMARY: The deadline for making RRSP contributions is fast-approaching. According to Statistics Canada, almost 86% of tax filers were eligible to contribute to an RSP in the 2005 tax year, yet only about 31% actually did. As the March 1 RSP contribution deadline draws near, it's time for Canadians to revisit their savings strategies to make the most of this tax-sheltered investment. Patricia Lovett-Reid, Senior Vice President with TD Waterhouse Canada, offers the advice for investors facing common RSP dilemmas. AUDIO CUTS FROM CANADA NEWSWIRE 01-TD RSP advice TORONTO. (CNW) X-31s. (suggested lead) The deadline for making your RRSP contribution is fast-approaching. According to Statistics Canada, almost 86% of tax filers were eligible to contribute to an RSP in the 2005 tax year, yet only about 31% actually did. Patricia Lovett-Reid, Senior Vice President with TD Waterhouse Canada, offers advice for investors on the single biggest mistake people make during the RRSP season... procrastination. SCRIPT 1-1: (Patricia Lovett-Reid) ("...down the road") CNW Group (Suggested tag): In 2005, StatsCan found that only 7% of available RRSP contribution room was used, and that less than a third of eligible tax filers contributed to an RRSP. 02-TD RRSP advice TORONTO. (CNW) X-23s. (suggested lead) The deadline for making your RRSP contribution is fast-approaching. According to Statistics Canada, almost 86% of tax filers were eligible to contribute to an RSP in the 2005 tax year, yet only about 31% actually did. Patricia Lovett-Reid, Senior Vice President with TD Waterhouse Canada, offers advice for investors wondering whether they should contribute to an RRSP or pay off debt. SCRIPT 2-1: (Patricia Lovett-Reid) ("...have some discipline.") CNW Group (Suggested tag): Stop debating the point of which should happen first - pay off debt or contribute to an RSP. Start talking to a financial expert to find out what your options are. And do it today - before the RRSP contribution deadline. 03-TD RRSP advice TORONTO. (CNW) X-26s. (suggested lead) As the March 1 RSP contribution deadline draws near, it's time for Canadians to revisit their savings strategies to make the most of this tax-sheltered investment. Patricia Lovett-Reid, Senior Vice President with TD Waterhouse Canada, offers advice for investors who are afraid they might outlive their investments. SCRIPT 3-1: (Patricia Lovett-Reid) ("...to outlive it") CNW Group (Suggested tag): Visit your bank branch and talk about your concerns with a financial advisor. They will work with you to get a clearer picture of your net worth, where you stand financially and advise what you need to do to make sure you don't outlive your money. 04-TD RRSP advice TORONTO. (CNW) X-22s. (suggested lead) As the March 1 RSP contribution deadline draws near, it's time for Canadians to revisit their savings strategies to make the most of this tax-sheltered investment. Patricia Lovett-Reid, Senior Vice President with TD Waterhouse Canada, explains the "4P" approach to RSP management. SCRIPT 4-1: (Patricia Lovett-Reid) ("...before the government.") CNW Group (Suggested tag): Don't make contributing to your RRSP a once-a-year-event. With a regular contribution plan, you'll avoid the February rush and your money will start working for you sooner. STATIONS, FOR FURTHER INFORMATION, PLEASE CALL: Jennifer Ross NATIONAL Public Relations, 416-848-1379, jross@national.ca For technical information DURING the feed, please call CNW Broadcast at 416-863-5615. As with all CNW Broadcast feeds, this release is offered for your free and unrestricted news use. Comments regarding the content and quality are welcomed. For further information: CNW BROADCAST, TORONTO, (416) 863-9350

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