Exploring Your RRSP Contribution Options
Use online or telephone banking
You can top up your RRSP as easily as you pay bills online. Just use your
Internet or telephone banking service to add BMO InvestorLine to your list
of payees. Contribute as much and as often as you wish. Learn more about Making
deposits into your BMO InvestorLine account online.
Set up pre-authorized contributions
Enrolling in a pre-authorized plan offers many advantages. For starters, you
avoid the yearly rush to make the RRSP deadline. You can set a convenient payment
schedule that suits your needs. And you benefit from dollar-cost averaging,
rather than trying to time your contribution to the markets.
Transfer your RRSPs from other financial
institutions
By consolidating your investments with BMO InvestorLine, you simplify your
investing activities and gain a consolidated view of your portfolio. Download
a Transfer Form.
Deposit cash, cheques or securities at any BMO Bank of Montreal
branch
You can stop by the nearest BMO Bank of Montreal branch to make a deposit.
To deposit securities into your BMO InvestorLine account, simply complete the "Power
of Attorney to Transfer Stock or Bond (LF255)" form, and return it with
the endorsed certificates to BMO InvestorLine or a BMO Bank of Montreal branch.
Apply for an RRSP loan
If you are short on cash and still want to contribute to your RRSP this year,
you can apply online for an RRSP Loan. Visit the RRSP
Centre to apply now.
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