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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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This publication and website are intended for Ontario residents only and the information contained is subject to change without notice. Mutual Funds are offered and regulated through Global Maxfin Investments Inc. (GMII). Insurance products (including Segregated Funds) and Income Tax Planning is provided under the name of Ausim Mobeen. GMII does not supervise these activities and will not be accountable, responsible or liable for such activities. This publication contains opinions of the writer and may not reflect opinions of GMII. The information contained herein was obtained from sources believed to reliable, but no representation, or warranty, express or implied, is made by the writer or GMII or any other person as to its accuracy, completeness or correctness. This publication is not an offer to sell or a solicitation of an offer to buy any of the securities. The securities discussed in this publication may not be eligible for sale in some jurisdictions. If you are not a Canadian resident, this report should not have been delivered to you. This publication is not meant to provide legal or account advice. As each situation is different you should consult your own professional advisors for advice based on your specific circumstances.

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