Save on income tax by borrowing for an RRSP.

Is this loan for you?

  • You wish to contribute to your RRSP to benefit from tax deductions.
  • You will soon receive your tax refund and plan to use the money to repay or reduce your loan.

Interest rate: Fixed or variable rate which you may convert at any time

Terms offered: Contact your Caisse (according to loan use)

Minimum amount available: $500

Repayment: Weekly, bi-weekly or monthly, with possibility of partial or total repayment at any time, without penalty



Interest rate
  • Fixed or variable rate (lower than the rate on a personal loan)
  • You can switch from a variable rate to a fixed rate, and vice-versa, at any time
Amount available
  • Minimum of $500
  • Loan payment frequency is flexible: weekly, bi-weekly, monthly, or single payment in full
  • Option to only pay the interest on the loan
  • No prepayment penalties: Pay off your loan whenever you want, in part or in full, without being charged extra fees
Loan terms
  • Your caisse may agree to a longer term depending on your use of the loan (e.g., your unused RRSP contribution room) and, in some cases, on the collateral provided

* Borrowing to invest is a leverage opportunity. If the loan amount is invested in investment funds, the risk is even higher. See a Credential Asset Management Inc. Mutual Funds Representative to find out more.

More information

Documents to bring to your meeting with an advisor:

  • Personal documents
  • Proof of income (pay stub, etc)
  • Investment statements
  • Other loan statements (including consolidated loans)
  • Last Federal Notice of Assessment
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