{"id":4874,"date":"2019-05-14T11:12:11","date_gmt":"2019-05-14T15:12:11","guid":{"rendered":"http:\/\/caissealliance.absoludev.ca\/?p=4874"},"modified":"2019-05-14T11:12:11","modified_gmt":"2019-05-14T15:12:11","slug":"borrow-to-contribute-to-an-rrsp","status":"publish","type":"post","link":"https:\/\/www.caissealliance.com\/en\/personal\/rrsp\/borrow-to-contribute-to-an-rrsp\/","title":{"rendered":"Borrow to contribute to an RRSP"},"content":{"rendered":"<p>Our RRSP loans help you increase your annual RRSP contribution or cover you if you\u2019re temporarily short of cash at RRSP time.<\/p>\n<p>Not contributing one year can have a real impact on your retirement income objectives. Borrowing to contribute to your RRSP might be a better plan. Your tax savings and investment earnings that accumulate on a tax-deferred basis compensate for the real cost of the loan.<\/p>\n<h3>Did you know?<\/h3>\n<p>To avoid borrowing next year, consider a Regular Instalment RRSP which allows you to contribute throughout the year.<\/p>\n<h2>Which loan is best for you?<\/h2>\n<h3>RRSP loan<\/h3>\n<p>Borrow amounts of over $12,500 at a better rate than a personal loan. Ideal if you plan to repay your loan quickly.<\/p>\n<h3>Unused contribution room RRSP loan<\/h3>\n<p>If you haven\u2019t made the maximum allowable RRSP contributions each year, the difference has been carried forward since 1991 as unused contribution room, which you can use to contribute at any time.<\/p>\n<p>The unused contribution room RRSP loan allows you to borrow at an advantageous rate. You can repay it over a 10-year period.<\/p>\n<h3>Multiproject Option<\/h3>\n<p>Lets you re-borrow money already paid on your mortgage to make RRSP contributions.<\/p>\n<h3>Versatile Line of Credit<\/h3>\n<p>Allows the use of home equity to obtain financing at a very attractive rate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our RRSP loans help you increase your annual RRSP contribution or cover you if you\u2019re temporarily short of cash at RRSP time. Not contributing one year can have a real impact on your retirement income objectives. Borrowing to contribute to your RRSP might be a better plan. Your tax savings and investment earnings that accumulate [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":25129,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[118],"tags":[],"class_list":["post-4874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rrsp"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Borrow to contribute to an RRSP | Caisse Alliance<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.caissealliance.com\/en\/personal\/rrsp\/borrow-to-contribute-to-an-rrsp\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Borrow to contribute to an RRSP | Caisse Alliance\" \/>\n<meta property=\"og:description\" content=\"Our RRSP loans help you increase your annual RRSP contribution or cover you if you\u2019re temporarily short of cash at RRSP time. 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