The deadline to invest in a Registered Retirement Savings Plan (RRSP) for this year's income tax is this Wednesday, March 1 at midnight.

Ron Eichel is a certified financial planner with IG Wealth in Swift Current and said there are advantages for folks to get contributions in before this year's deadline.

"If you get it in by that day, that's considered a first sixty-day contribution," he explained. "One of the main advantages of that, is you can actually use it for your previous year tax return or your current year tax return. So, you do have an option if you get it in with the first 60 days."

Eichel added that the full amount put in is there to grow until it's taken out, whereas with other investments, folks pay tax on the amount before it goes in.