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Get an RRSP Loan to max out your contributions this year

Making the maximum annual contribution to your Registered Retirement Savings Plan (RRSP) is one of the best ways to take advantage of compound interest and build a secure retirement. If you are a bit short of reaching your max RRSP contribution, an RRSP loan is a great way to supplement your contribution and grow your retirement fund.


Registered Retirement Savings Plan (RRSP)

A Registered Retirement Savings Plan (RRSP) is a retirement savings account registered with the government. Contributions to your RRSP are tax-deferred until you withdraw. The contribution amount is deducted from your gross income, potentially lowering the tax you pay on your income today.


Regular RSP Loan

Interest Rate 


(*Rate based on an Insured loan)

Term Length 

12 Months 

Borrow Up To

Maximum amount is your RSP contribution limit

Payment Defferal 

Deferred first payment of 90 days and interest free for that period

RRSP Quick Loan Application

Interest Rate


Term Length

12 Months

Borrow Up To



RRSP Catch Up Loans

Interest Rate


Up to 60 Months 

Borrow up to $10,000 

Up to 84 Months

Borrow up to $10,000 - $50,000


Taking out an RRSP loan has several benefits, including:

  1. Maximizing contributions: An RRSP loan allows you to make the maximum contribution to your RRSP, which means you can take full advantage of compound interest and grow your retirement fund more quickly.

  2. Tax benefits: Contributions to an RRSP are tax-deductible, which means you can reduce your taxable income and lower your tax bill.

  3. Potential for higher returns: By making the maximum contribution to your RRSP, you have the potential to earn higher returns on your investments, which can result in a larger retirement fund.

  4. Convenience: An RRSP loan is a convenient way to supplement your contributions and help you reach your max contribution quickly.

  5. Timely: Taking out an RRSP loan before the deadline of February 29, you can ensure you are taking advantage of the benefits and opportunities of RRSPs before the tax year is over.


Start your loan application today

The rates will default to posted rates in the application form, and may be adjusted after advisor review. If we have helped you with lending in the past, your information will conveniently auto-populate in the application form.

Note: you must be 19 years of age or older to apply.


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