Skip to main content

Maximize your RRSP contribution

Catch up on RRSP contributions or help save on your taxes. Speed up your retirement savings by adding to your RRSP with a loan.

Key benefits

  • Take advantage of unused carry-forward RRSP amounts
  • Maximize your tax benefits
  • Invest in mutual funds

Flexible options

  • Terms from 12 months to 10 years
  • Flexible repayment options
  • No early repayment penalties
  • Competitive interest rates

Why an RRSP loan?

Select Icon
Catch up on unused RRSP contributions

Add to your savings by taking advantage of used carry-forward RRSP amounts.

Select Icon
Accelerate your retirement savings

Build a better future by investing in your RRSPs to speed up retirement savings.

Select Icon
Maximize your next RRSP contribution

Make a one-time contribution to save on tax and build retirement savings.

See how much you could borrow

Our loan calculator helps to determine the amount you can borrow and what your repayment schedule might be.

These calculators are made available to you as tools for independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy. All examples are hypothetical and are for illustrative purposes only. Please visit your branch to seek personalized advice from qualified professionals for all personal finance issues.

Select Image

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

Loans vs lines of credit

Considering an RRSP line of credit instead?

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

Why an RRSP loan?

  • Structured plan
  • Set monthly repayments
  • Finance a large one-time expense

Why an RRSP line of credit?

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