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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