RRSP line of credit
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||
|Access to funds||Access your funds solely to contribute to your RRSP by contacting your advisor.
|Repayment terms||Flexible repayment terms are available:
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?
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.