Retirement planning is about making sure you have sufficient financial resources to retire comfortably. According to the Fraser Institute, most Canadians are significantly underfunded to retire comfortably at 65. Although it should be a priority for everyone, most people tend to put it off.

In essence, there are two ways to achieve retirement planning: individually or through your company. First, if you're an individual or small business owner you have access to Registered Retirement Savings Plans (RRSPs), defined contribution pension plans, individual pension plans (IPPs) and other unique tax-deferral methods. Second, if you're an employee you also can buy RRSPs, our unique tax-deferred products and a defined benefit pension plan if you're a member of such a plan.

The sooner you start, the better off you'll be. Procrastinating on your retirement planning could jeopardize your financial goals.

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