Looking to top up your RRSP, but don't have the funds in hand today to do it? We have a couple of options that may suite you and your lifestyle. Talk to us - we'd love to help you RSVP for RRSP season and take a good step towards your retirement.
RRSP Loan
Borrow between $1,000 to $20,000
Low variable interest rate to top up your RRSP
First payments can be deferred for up to 3 months (translation: you don't need to pay for 3 months!)
Terms up to 5 years with blended payments which are automatically debited from your account
RRSP Line of Credit
Lines of Credit available, starting at $2,500 and up to up to $20,000
Low variable interest rate
Repay your RRSP Line of Credit at your own pace
For the first 3 months while you are waiting for your tax return, you only need to pay the interest on what you've borrowed
If you are asking yourself, what's in it for me, here's your answer!
Maximize your RRSP contribution for the year
Catch up on any RRSP contribution not made in previous years
Take advantage of tax benefits now while saving for your retirement
Get a competitive interest rate
Get Ready!
Looking to get ready to get your RRSP loan or line of credit? Here's what you need to get started:
Letter of Employment on company letterhead (from within the past 30 days)
Two original paystubs (from within the past 30 days) or
T1 General & previous tax year NOA (Notice of Assessment)
Self-employed: Two years of business financial statements, income tax return (income & expense schedule included) and two years of NOA’s (Notice of Assessment’s)
Current photo identification
Terms & Conditions
The fine print:
On approved credit only and other restrictions and conditions may apply
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