My company has a DPSP program that feeds it directly into an RRSP account. I don't believe there's any RRSP contribution matching program on top of the DPSP (I know I should know, I'm being bad). Assuming there's no matching program, is there still a point in signing up for a X% contribution every paycheck?

Posting as :
works at
You are currently posting as works at

Should also note, I am usually able to contribute up to my full RRSP contribution limit each year. Though I did have matching in previous years at a different employer (at 4%).

Related Posts

Hey beautiful people,
I’m 27Y and work in tech. Unfortunately my carpal tunnel is getting worst slowly. I’m worry that I still have like 45 years more to be retired and can’t stop working because I have a f* mortgage to pay 😭 I have a super ergonomic workstation, but I know my hand needs a long rest, and I can’t do it… Does anyone relate? What do you recommend?

like

Anyone know the average annual rent increase for 1200 sqft 2 bedrooms? I’m renting and want to know what to expect in a few weeks

like

Can grad students get $20k forgiven if they got Pell in undergrad but outstaning loans are only for grad school?

like

How long does it take to make at least $300k per year if you are in-house?

like

On a credit file, do multiple credit cards from the same issue count as multiple accounts or is that issuer counted as a single account regardless of how many cards

like

Which high yield savings account do you recommend?

likehelpful

What is the advantage of having a checking bank acct? I only have savings accts. Am I missing something?

Inflation post covid—19 .. thoughts? I am really worried considering the prices from housing to basic needs in major cities are already not affordable for most middle class families.

likehelpful
like

All my investment is in real estate - 1 primary and 2 rental. Total 3.7 M value and 1.7 mortgage pending. About 400k in cash. I’ve 0 RRSP. Is my investment strategy terrible?

like

Guys need your suggestion here.

Please help me with my decision.

I am 32 divorced and I have decided to not marry again also i don't have any other other responsibilities /loans etc.

Currently earning 18 lpa and I am planning to buy a car which is worth 16 lakhs. Should I go ahead or should l lower my budget as per my current salary package

like

How to transfer PF fund from hcl to epfo if i was a non pension member???

like

If you hold crypto for over a year it’s subject to capital gains tax right?

like

I be wanting to go off but then I check my bank app, calm down, and keep working.

likefunny

Renting a car vs buying, which is better in India?

like

Hi Fishes,
I will be joining KPMG global services and first time coming under tax slab.
Can anyone please share monthly payslip as I wanted to plan my rent according to HRA?
Also please share the Annual basic so that I can calculate my HRA accordingly.
Attaching my compensation plan.
Pleaaaaassssse helppppppppp.

Post Photo
like

For all you money people, which platform is the best (user friendly and lowest fees) for trading among: trade station, interactive brokers, td, fidelity, eTrade, or schwab? Does how much $ you’re playing with make a difference in choosing?

I wish I wasn’t adaptable. Humans aspire for a greater level of comfort and once achieved, adopt that as their new baseline. Because of this, somebody making $100k cannot simply comfortably revert back to a $50k lifestyle. The slow growth of personal wealth isn’t noticed as ideated. Instead, we are never satisfied.

Can you relate? Has your salary / net worth growth dramatically improved your quality of life?

like

How to change bank account to receive salry I currently have HDFC want to change it AXIS

What’s a good baseline amount to keep in a checking account? I generally keep mine pretty low <1000 after paying CCs then dump the rest in savings. As I’m building a rainy day fund and then I will start contributing my brokerage account.

For reference <1 year experience at $4500/month (after taxes and 401k contribution)

like

More Posts

Serious question… if I am interested in becoming a CTO/CDO one day, what should I do for the next 5-8 years to prepare for this? Are there specific roles in tech that prepares you for a CTO role? I am currently in sales engineering with over a decade in consulting experience.

like

Considering a move from NYC to SF and my office will be in Palo Alto. Any advice on potential neighborhoods to live in without needing a car? Would ideally like to live in SF as I’m single and still looking to explore the city. Would the commute via public transit be terrible? Perspectives from former New Yorkers would be great too. Have been on the East Coast my whole life and don’t know too much about the Bay lol

like

Anyone who has 2+ years of experience in Salesforce. There are openings in Accenture.

likesmart

My status at Accenture portal is Offer accepted.
When it will change to 'Hired' ?

like

What's the one thing for you that turns a house into a home? Or one thing that can always make a house feel homey?

like

Hi Fishes,

If the TSC HR generates offer letter for me , I accept the offer & later in the joining date decide to not join TCS, will I be blacklisted from joining the company again like an ex-TCSr is blocked from joining TCS>?

like

I know that some other associates at my level are approximately 30% behind other associates in hours on a month to month basis. Yet all of these associates say they are “at capacity”, and myself and another associate still end up being assigned work instead of them. How do we handle this? For reference, all associates are around the firms minimum requirement, it’s just that a few of us are 30+% over and it is leading to burnout.

like

Has anyone have insight as to salary for a Sr. SIU investigator in the northeast with 20 plus years of personal lines and strong BI background experience.

like

What are some great investment banks to work as an associate in the Washington DC area?

like

Hi Fishes, I've 2.25 Years of experience in SAP Basis, but I've lost interest in the same due to not receiving proper training, inability to practice on customer's system and shifts. I'm looking forward to go for MBA/changing technology, which one would be a better option? In case of the latter can you guys suggest lucrative technologies which has little/no coding and can definitely give good packages? I've tried changing jobs in Basis for nearly one year and didn't get through. Please help me.

like

Hard earned mean -🐢

Post Photo
like

Hi Fishes..!!

I am currently working in LTI with Senior Specialist role with overall almost 10 years of experience and my skill is Unix Administration.

I am being offered Canada Onsite from my organization, I am having Indian salary of 20LPA. What should I expect my Canadian Salary to be?

What is the average salary offered by Indian companies for similar experience for ICT Visa?
What is the average cost of living in Toronto?

Answers to any of these questions would be appreciated..!!

like

How to structure the compensation for level 8 ? Should basic be more or allowance should be more for a package of 25lpa fixed.

like

Hi fishes, How flexible is Walmart walmart in joining date change and have they ever resend the offer??

Helpp

like

Is there a demand for privacy professionals? Been seeing this discussed more and more recently

like

I just received an EY Senior II offer in NYC with base salary of 115k. Is this typical for this position in NYC or should I fight for more?

like

Anyone else done menopause completely natural?

like

Hi Fishies. Im 31 yrs old,spouse 33 yrs old. We are going with IVF due to male factor. Today we got PGT results from CCRM Boston. Among 7 embryos, 5 came normal. 1- 5AA(male), 1-5AA(female),1-4BB(tier2,female),1-4AA(tier1,female), 1-4AA(tier 1, male). What is the best embryo among them? This is my first IVF. And little nervous as well. What could be the reasons if the embryo is not implanted ? Is it something with to do with me? Do we need to do anything from our side, like acupuncture ?

like

Hi fishes,

I'm appointed as a senior engineer (Front end developer), will bosch provide WFH option if we demand before joining itself ? or its mandatory to start work from home ?

like

Hi,I hv got a job in IAM project as a BA.Any feedbacks on the domain? How can I advance in my career and how can I go abroad

Additional Posts in Canadian Personal Investment Chat

How are people feeling this year? Have you felt the impacts of a recession? Changed your spending habits at all - or still going strong?

like

Thoughts about what to put excess savings into? I've maxed out my RRSP and TFSA, emergency fund is good, no debt (or mortgage), and I have $15k that's not invested. Not sure if I should put it into one of the robo-advisor options or keep buying ETFs or mutual funds or what?

How do you guys invest in US equities. Obviously wealthsimple trade is a scam.

If anyone wants to sign up for wealthsimple cash you get 25$ when you use my code $lizt

Dm me for wealthsimple cash, wealthsimple trade, or rakuten referral codes. Literally been on rakuten 2 weeks and made over 20$ for nothing. And while I’m here, any other good money makers?

Would love any input on my portfolio. Fairly new at investing and more into ETFs than individual stocks.

Post Photo
like

Where to park emergency funds? Currently using BMO savings account with practically no interest. I also heard wealthsimple cash has better rates?

Best banks/sites/promos to get extra $? Any good experiences with getting new checking account for a bonus?

like

Best etf to complement vfv?

If I've maxed out my TFSA, should I continue investing through an RRSP or a personal investment account?

For context, I also have a good pension. My main concern is that while the RRSP will be nice to lower my taxable income now, I'm worried when I retire I'll have to withdraw too much from both the RRSP and pension. Thoughts?

Is there an app where I can see all of my money? Connecting bank, wealthsimple trade, wealthsimple cash, anything else... ?

like

Anyone into crypto? What are the best apps for it?

What type of investments do people typically put their TFSA vs other vehicles?

Does anyone use wealthsimple trade? Are there monthly or quarterly reports I can download for my investments?

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal