RRSP Loans

Borrowing money to invest in an RRSP has many advantages. Besides the immediate tax refund, you also can:

Increase the amount you have to invest
Take advantage of tax-sheltered compounding
Boost your investment returns
Achieve your long-term financial goals more quickly
Build a larger and more diversified retirement portfolio

An RRSP Loan¹ may be suitable if you:

Want to make a contribution now but don’t have the funds available
Want to take advantage of your unused RRSP contribution room
Are now in a higher marginal tax bracket than last year

RRSP Loans come with the following features:

Low interest rate
Flexible repayment option (up to 10 years)
Deferred payments (up to 90 days)
No early repayment penalty

Contact our office for assistance in selecting the RRSP Loan best suited to your needs.

¹Rate Hub

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