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 Loan1 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

Contact our office for assistance in selecting the RRSP Loan best suited to your needs.

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Copyright © 2015 AdvisorNet Communications Inc. All rights reserved. This article is provided for informational purposes only and is based on the perspectives and opinions of the owners and writers only. The information provided is not intended to provide specific financial advice. It is strongly recommended that the reader seek qualified professional advice before making any financial decisions based on anything discussed in this article. This article is not to be copied or republished in any format for any reason without the written permission of the AdvisorNet Communications. The publisher does not guarantee the accuracy of the information and is not liable in any way for any error or omission.

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