Skip to content
Home > My ideas > RRSP > RRSP line of credit

RRSP line of credit

Take action now!

Call an advisor at 1-877-522-3863 for more information.

No RRSP contributions for a year could mean hundreds of dollars less come retirement! The RRSP line of credit was designed just for this kind of situation! It’s a convenient way for you to optimize your RRSP contributions and make the most of your unused contribution room.

Why use an RRSP line of credit?

One simple reason: you will avoid applying for credit when income tax season approaches. As long as you don’t exceed the afforded limit, you can borrow for your line of credit. A good solution if you would like a hand to help you contribute to your RRSP every year without having to go to your branch.

Minimum and maximum amounts
  • Minimum amount: $1,500
  • Maximum amount: RRSP contribution limit determined yearly by the government.
Interest rate
  • Attractive variable interest rate.
  • The rate fluctuates according to the Laurentian Bank line of credit base rate.
  • Interest applies only to the funds used.
Access to funds Access your funds solely to contribute to your RRSP by contacting your advisor.
Repayment terms Flexible repayment terms are available:
  • 3 % of your line of credit balance;
  • fixed monthly payments based on a 24-month amortization.

Contact one of our advisors at 1-877-522-3863 to see if this product is for you.

Have you ever thought about taking out line of credit insurance?

Protect your loved ones from life’s little surprises.


This financing product is suited for you if:

  • You want to max out your RRSP contribution or your unused RRSP contribution room and need some financing to do so;
  • You are somewhat comfortable with interest rate fluctuations;
  • You want peace of mind come retirement;
  • You want to avoid applying for credit each time income tax period approaches;
  • You seek flexible repayment terms.

This financing product is not suited for you if:

  • You are not disciplined in your debt reimbursements;
  • You are not comfortable with interest rate fluctuations.


Your next steps