CALGARY — The total unused RRSP contribution amount in Canada stood at about $500 billion as of 2011 and is estimated to exceed $1 trillion by 2018, says the BMO Financial Group.

In a report released today, the bank’s third annual national Registered Retirement Savings Plan study indicated that an increasing number of Canadians have an RRSP. In Alberta, 69 per cent of people have a plan, just higher than the national average of 67 per cent.

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