Search
Close this search box.

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 Loan 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

Check out our Investment Calculator to see how much an RRSP deposit today could be worth in the future.

Bad Excuses for Putting Off Investing

Market Highs vs. Your Goals
Market Highs vs. Your Goals

Market Highs vs. Your Goals

09 2024 1
Why Time Matters

Why Time Matters

Contact Us

Facebook Linkedin Instagram X-twitter

Free Consultation

Our Location
© Copyright AdvisorNet. All rights Reserved.