Maximize your RRSP contribution
Catch up on RRSP contributions or help save on your taxes. Speed up your retirement savings by adding to your RRSP with a loan.
Key benefits
- Take advantage of unused carry-forward RRSP amounts
- Maximize your tax benefits
- Invest in mutual funds
Flexible options
- Terms from 12 months to 10 years
- Flexible repayment options
- No early repayment penalties
- Competitive interest rates
Why an RRSP loan?
Catch up on unused RRSP contributions
Add to your savings by taking advantage of used carry-forward RRSP amounts.
Accelerate your retirement savings
Build a better future by investing in your RRSPs to speed up retirement savings.
Maximize your next RRSP contribution
Make a one-time contribution to save on tax and build retirement savings.
See how much you could borrow
Our loan calculator helps to determine the amount you can borrow and what your repayment schedule might be.
These calculators are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please visit your branch to seek personalized advice from qualified professionals for all personal finance issues.
Insurance
Protect against loss of income
Loan insurance can protect you and your family from the unexpected.
- Protect your savings
- Get peace of mind for you, your family, and your dependants
- Cover expenses if your income reduces
Loans vs lines of credit
Considering an RRSP line of credit instead?
An RRSP line of credit is a pre-approved borrowing limit you can use to borrow your annual contribution. An RRSP loan is a one-time loan to maximize your RRSP contribution and help save on your taxes.
Why an RRSP loan?
- Structured plan
- Set monthly repayments
- Finance a large one-time expense
Why an RRSP line of credit?
- Pre-agreed borrowing limit
- Ability to re-borrow annually
- Withdraw and repay funds whenever you want
