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What’s an RRSP loan?
Many Canadians struggle with making regular contributions to their registered retirement savings plans (RRSPs). They have no shortage of RRSP contribution room, just not the funds to put in their RRSPs.

But there’s a way you can play catch-up: borrow to invest. In today’s low-interest environment, an RRSP loan can work well, provided you pay it off quickly. And the beauty of an RRSP loan is that if it reduces your tax bill and results in a refund from the Canada Revenue Agency, you can then use that money to partially or entirely repay the debt.

Is it a good idea to take out a loan to contribute to your RRSP? Call me we can discuss about it 😊

We understand these are challenging times, and you may need to pay your balance in regular payments over a period of time. See if you can set up a payment arrangement by following these steps:

1️⃣ Calculate your monthly income and expenses

2️⃣ Determine how much you can afford to pay

3️⃣ Call us to set up your payment arrangement

4️⃣ Start your payment arrangement

For details: http://ow.ly/iVJK50H387e

Can I re-contribute my TFSA withdrawals?

Contact me if you have questions about and .