It’s never too early to save for retirement. While millions of people have no doubt heard or read those very words before, surveys show few people take that lesson to heart. The financial institution CIBC reports that 32 percent of Canadians nearing or on the cusp of retiring have nothing saved for retirement. Saving for retirement can seem impossible in households where every dollar counts. The following are four simple ways to save more for retirement without making dramatic lifestyle changes. 1. Turn raises into retirement savings. According to the WorldatWork 2018-2019 Salary Budget Survey: Top Level Results, salary budgets in Canada are expected to rise by 3 percent. Working professionals can save more for retirement by converting some or all their raises into retirement savings. Pre-tax retirement accounts allow working professionals to put aside money before taxes are paid, so weekly paychecks will not be greatly affected if you increase the percentage of your income you deposit into such accounts. Do this each time you receive a raise and your retirement savings will grow considerably. 2. Put bonuses to work. Professionals who receive bonuses can speak to their employer and request that their retirement contribution rates be increased when bonuses are issued. Contribution rates can then be returned to normal the following pay period. 3. Downsize your home. Empty nesters nearing retirement age may benefit by downsizing their homes. Doing so can reduce utility bills, property taxes and other expenses, and those savings can then be redirected into retirement accounts. 4. Reinvest tax returns. Working professionals accustomed to receiving tax returns can use that money to catch up on their retirement savings. Rather than spending tax returns or depositing them into traditional savings accounts, reinvest them into a retirement account. Speak with a financial planner to help you figure out how to accomplish this goal. Even if it requires opening a new account, the long-term benefits or reinvesting returns are substantial. Saving for retirement is important, and it’s never too late or too early to start setting aside more money for your golden years.