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Take advantage of your RRSP contribution

Thinking about borrowing money to invest in an RRSP? Make a contribution ahead of the yearly deadline with an RRSP line of credit.

Key benefits

  • Easily apply only once
  • Take advantage of unused carry-forward RRSP amounts
  • Lump sum repayment available
  • Make extra payments with no penalty

Flexible options

  • Invest in East Coast CU RRSP products
  • Invest in mutual funds through Credential Asset Management Inc.
  • Simple phone call to initiate transfer request

Why an RRSP Line of Credit?

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Make up unused RRSP contributions

Make the most of your contribution limit and set yourself up for the future.

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Accelerate your retirement savings

Good things come to those who wait—and save. Use RRSPs to your advantage.

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Maximize your next RRSP contribution

This option allows for simple transfer to keep up with your yearly contribution.

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Protect against loss of income

Loan insurance can protect you and your family from the unexpected.

  • Protect your savings
  • Get peace of mind for you, your family, and your dependants
  • Cover expenses if your income reduces

Lines of credit vs loan

Considering an RRSP loan instead?

An RRSP loan is a one-time loan to maximize your RRSP contribution and help save on your taxes. An RRSP line of credit is a pre-approved borrowing limit you can use to borrow your annual contribution.

Why an RRSP line of credit?

  • Pre-agreed borrowing limit
  • Ability to re-borrow annually
  • Use and repay funds whenever you want

Why an RRSP loan?

  • Structured plan
  • Set monthly repayments
  • Finance a large one-time expense
I am here to help you through all of life’s stages. Joyous occasions such as the birth of a baby, to assisting with your retirement fund, and every financial milestone in between

We’re here to help

Explore your RRSP line of credit options

Is an RRSP line of credit right for you? Our expert advisor Erin is here to help you.

  • Understand your options
  • Find the best solution for you
  • Discuss repayment terms
  • Build a retirement plan