Number of Canadians contributing to RRSPs drops

Number of individuals, amount contributed decreases following record highs
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|hrreporter.com|Last Updated: 11/22/2002

The number of Canadians contributing to registered retirement savings plans (RRSPs) dipped in 2001 following record high levels the year before.

According to Statistics Canada, 6,241,050 taxfilers contributed more than $28.4 billion in 2001. By comparison, 6,291,170 contributed nearly $29.3 billion in 2000.

The median contribution declined from $2,700 in 2000 to $2,600 in 2001. (The median is the point at which half of taxfilers are below and half are above.)