The RRSP deadline for the 2025 tax season is upon us, but putting money away and gaining the tax deduction is a difficult thing for many.

According to the 35th RBC Financial Independence Poll, a majority of millennial – 64 per cent – are anxious about what the future holds for their finances, and over half report that they have little or no money left over after paying their monthly bills.

Jodi Wright is with the RBC financial planning and works in this area. She told the Tim Powers Show on VOCM that it’s important to pay yourself first through automatic deduction.

“Identify how much you can save monthly or bi-weekly, then put it into  your TFSA or RESP, and make sure it’s in a diversified portfolio,” says Wright.

The RRSP deadline is tomorrow.