Survey: 64% of Investors Feel They Are Far-Sighted When They Contribute to an RRSP

MONTREAL, Feb. 24, 2014 /CNW Telbec/ - Sixty-four percent of Quebecers feel they are being far-sighted and thirty-three percent feel secure when they contribute to an RRSP. These are the findings of an omnibus survey of 1,000 Internet users conducted by the National Bank Research team from January 7 to 9, 2014.

Respondents were asked to complete the sentence, "When making an RRSP contribution, we feel…," by choosing as many words as they wanted from a list provided.

"Paying yourself first is being far-sighted. It's also an excellent way to offer yourself peace of mind. You spare yourself financial worries and secure your future one contribution at a time," said Sophie Ducharme, Vice-President - Trust and Advisory Services at National Bank Private Wealth 1859.

"Only 6% and 3% of respondents chose "happy" and "well-rounded" respectively, which is not surprising. Most people would rather buy a tablet than make an RRSP contribution," continued Ms. Ducharme.

"However, I hope that's not the reason why 53% of respondents said they did not intend making an RRSP contribution in the next three years. RRSP contributions are not very glamorous, but there are major downsides to not making any. Although the future may seem far down the road, it is often just around the corner," she added.

Still thinking of your own situation, please select all the words that you feel complete the following sentence: "When making an RRSP contribution, we feel…"
Base: Intend making an RRSP contribution in the next three years (n = 309)

Feeling of % selected
Far-sighted 64%
Secure 33%
Obligated 24%
Comfortable 17%
Wise 14%
Constrained 10%
Accomplished 9%
Relieved 7%
Indifferent 7%
Happy 6%
Well-rounded 3%
None of these words complete this sentence 8%

National Bank would like to remind its clients that there are several ways to contribute to their RRSPs. They can meet with a branch advisor, contribute by phone via our dedicated 1-877-779-7337 line, or log on to nbc.ca/rrsp. National Bank Direct Brokerage clients can call 1-800-363-3511 or transfer funds online at nbdb.ca.

About National Bank of Canada
With $188 billion in assets as at October 31, 2013, National Bank of Canada (www.nbc.ca) together with its subsidiaries, forms one of Canada's leading integrated financial groups, and has been named among the 20 strongest banks in the world by Bloomberg Markets magazine. The Bank has close to 20,000 employees and is widely recognized as a top employer. Its securities are listed on the Toronto Stock Exchange (TSX: NA). Follow the Bank's activities via social media and learn more about its extensive community involvement at clearfacts.ca and commitment.nationalbank.ca.

SOURCE National Bank of Canada

For further information:

(The telephone number provided below is for the exclusive use of journalists and other media representatives):

Jean-François Cadieux
Chief Advisor - Public Affairs
National Bank
Tel.: 514-394-6500