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RRSP LINE OF CREDIT

Keep your retirement on track.

If inflation is impacting your finances, including your RRSP contributions, consider an RRSP line of credit. You can use it to borrow funds to make regular contributions so your RRSP reaches its full potential.1

Talk to an advisor

Why use an RRSP line of credit?

It’s simple: always have access to funds when it’s time to contribute to your RRSP, without having to apply for a new loan every year. Just make sure you don’t exceed your contribution limit.

How it works.

Start with $1,500.

  • Minimum amount: $1,500.

  • Maximum amount: RRSP contribution limit set by the government every year.

Variable interest rate.

  • The rate changes according to the Laurentian Bank line of credit base rate.

  • Interest applies only to the funds used.

View interest rates

Access to funds.

By contacting your advisor. You can only access these funds to make an RRSP contribution.

Easy repayments.

Flexible repayment options. To discuss the options, talk to an advisor.

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RRSP LINE OF CREDIT INSURANCE

Financial protection that’s within reach.

Peace of mind comes easier when you have insurance for your RRSP line of credit.
More about RRSP line of credit insurance

Helpful tips and resources.

Your questions answered.

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RRSP LOAN

Reach new heights and retire confidently.

When you’re short on cash for your RRSP contribution, an RRSP loan might be the perfect solution. Go from no contribution to maximum contribution.

More about RRSP loan

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Laurentian Bank: Laurentian Bank of Canada.

  1. Subject to credit approval. Certain conditions apply. Please read your cost of borrowing declaration and your contract provided when opening your RRSP line of credit.

Any loan approval by Laurentian Bank should not be construed as an endorsement of any investment choice, program, or strategy. All RRSP loans are subject to credit approval and borrowed monies are due and payable regardless of the performance of the investments. Depending on your investment choice, RRSP loans have the ability to magnify gains, they also have the potential to magnify market losses. Please consult with an advisor or tax specialist.