RRSP Maxi-Loan

The Maxi-RRSP loan is a financing product that will allow you to maximize your RRSP contributions while offering you a grace period to reimburse the principal and interests at a given date.

In addition to maximizing your retirement income, the contribution will also be repaid in part using the tax return. Your retirement income will be all the more comfortable thanks to the extra amount that your loan will have allowed you to contribute.

CHARACTERISTICS*
Minimum and maximum amounts	Minimum amount: $1,500 Maximum amount: RRSP contribution limit determined yearly by the government. ($30,780 for 2023)
Interest rate	The interest rate is fixed.
Terms	Talk to your advisor to find out more about your options. Finance up to 100% of your RRSP contributions
Repayment terms	Predetermined lump-sum repayment of principal and interests. Grace period for the first six (6) months following the opening of the Maxi-RRSP loan.*

Contact one of our advisors at 1-877-522-3863 to see if this product is for you.

Summary

This financing product is suited for you if:

You want to max out your RRSP contribution or your unused RRSP contribution room and need some financing to do so;
You want peace of mind come retirement;
You wish to invest an additional amount in your RRSP.

This financing product is not suited for you if:

You are not disciplined in your debt reimbursements.

Legal notice

*Subject to credit approval. Certain conditions apply. Please read your cost of borrowing declaration and your contract provided when opening of your Maxi-RRSP loan.

Your next steps