Multiple RRSPs needed?

Question: Most of The advice that I have been given or that I have read indicates that it is important to diversify when considering RRSP investments. Does this mean that I should have more than one RRSP?


You do not need to open multiple RRSPs to diversify. You can achieve this by opening a single mutual fund plan or a self-directed RRSP. Any broker, planner or financial institution can arrange this for you.