RRSP Loans
Maximizing your registered retirement savings plan (RRSP) contributions is easier than ever with an RRSP loan from the National Bank of Canada.
A top-up loan is a short-term loan you can use to top up your annual contribution to your maximum annual allowable contribution limit.
A catch-up loan is a long-term loan to help you catch-up on your retirement savings.
Program Features
Future funding option – Apply for an RRSP loan today and choose the day it becomes effective, for example just before the next RRSP contribution deadline.
Deferral option – Defer the first monthly payment for 3 or 6 months.
Interest rates – Variable and fixed rates are available.
There are advantages and disadvantages to borrowing to invest. Anyone considering this strategy should consult their advisor and their tax professional.
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