RRSP loans
RRSP loans
Beneficial if you use it to contribute to your RRSP
The real cost of the loan is offset by your income tax savings, and, of course, by the investment income that accumulates tax-free.1
Our RRSP loans
RRSP Loan
Available at an attractive low rate for a loan to invest in your RRSP. With flexible payment options.
- Fixed or variable rate depending on term
- Loan term of 1 to 10 years
- Weekly, every 2 weeks or monthly payments
Accord D RRSP financing
Financing method that compares favourably to the RRSP loan and whose interest rate is as good as that on a caisse RRSP loan.
- Available in just a few minutes through AccèsD Internet and Telephone services
- Fixed interest rate, depending on term
- Loan terms of 1 to 10 years, with the option of deferring principal payments for a 6-month period, until you get your income tax refund (if you are eligible for such a refund)
Documents to bring to your meeting with an advisor
- Proof of income (pay stub, etc.)
- Investment statements
- Other loan statements (including consolidated loans)
- Tax bills or leases
- Last Federal Notice of Assessment
Annual interest rate
In effect on December 25, 2024
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Repayment period: 1 year6.05%
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Repayment period: 3 years6.25%
- Borrowing to invest is leveraging. The risk associated with using borrowed money to buy securities is higher than when using your own cash. If you borrow to buy securities, you're required to pay back what you've borrowed plus the interest stipulated in the terms of the loan even if the securities you bought drop in value. Talk to your mutual fund representative for more information about leveraging.