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The loan that takes you further

You understand the importance of investing in your RRSP and that skipping a year can have serious consequences for your retirement goals, or you want to make the most of your unused RRSP contribution room . . . but you do not have enough money to make that happen?

Borrowing to contribute to your RRSP with our RRSP loans can be quite an effective strategy when you apply your tax refund to your loan.


  RRSP Loan RRSP Loan Unused Contribution Room
Rate type Fixed or variable Fixed or variable
Term 1 to 5 years if fixed
1 to 2 years if variable
1 to 5 years if fixed
1 to 2 years if variable
Amortization 5 years max 10 years max
Repayment frequency Weekly
Ability to repay in part or in full without penalty


The Versatile Line of Credit could also be the perfect tool for investing. Ask your advisor for details.

See our rates

Using borrowed money to finance the purchase of securities involves greater risk than purchasing using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchased declines.