Something great is on the horizon.
Get there faster.
An RRSP is one of the best ways to build your retirement savings, but contributing to it isn’t always easy.
If something is stopping you from making the most of your RRSP contributions, a loan can help.
RRSP loans give you the freedom to
Reduce your taxable income
Generate potential tax refund
Catch up on your contributions
RRSP Catch-Up Loan
Maximize your tax benefits and grow your retirement savings by taking full advantage of your unused RRSP contributions from previous years. Bring us your notice of assessment from the Canada Revenue Agency showing how much you can contribute, and we’ll set up an RRSP loan in that amount.
- Borrow up to 100% of the RRSP
- Choose from 2 to 5 year terms
- Set up a flexible payment schedule
- Pay off your loan any time
- Add-on life and disability insurance
RRSP Line of Credit
Work smarter, not harder, to achieve your retirement goals. An RRSP Line of Credit allows you to contribute more upfront, which leaves more money in your account to grow (tax-deferred), while you make easy monthly payments throughout the year.
- Borrow up to your limit for every year, without re-applying
- Use your tax refund to pay off your loan
- Wait up to 90 days to begin repaying
- Receive your tax receipt the day you make your contribution
- Borrow up to your maximum eligible, annual contribution as defined by Revenue Canada
- Pay off your loan any time
Registered plans
Secure your future with investments designed to help you make the most of your money.
Protect your future
Insurance can help provide you with a secure financial safety net for when you and your family need it most.
Investment advice
Secure your future with investments designed to help you make the most of your money.
Need help?
© Community Savings Credit Union. All rights reserved.