Don’t have funds to contribute to an RRSP?
Ask me how to apply for an RRSP loan and build your retirement fund faster!
SPECIAL PROMO:
Take advantage of an exclusive early bird RRSP Loan Rate by applying before January, 31st 2019.
There’s no substitute for time, but there is a strategy to catch up if you have unused RRSP contribution room.
With an RRSP catch-up loan, you borrow the amount up to your unused contribution room and structure your loan repayment to suit your budget. You’ll receive a tax deduction for the RRSP contribution, which provides immediate tax savings. Plus, it can get you back on track to achieving your retirement goals and help you stick to your savings plan. Never underestimate the power of compounding.
Benefits to an RRSP loan program:
- Low loan amounts: a $2,500 minimum RRSP loan amount and no maximum across all terms
- Simplified pricing with rates based on the term selected, not the loan amount
- No penalties: all or part of loan can be repaid at any time without penalty
- Choose a variable-rate loan with a term between one and 10 years or a one or two year fixed-rate loan
- Deferral payment options: defer payment for up to six months
- 1 or 2 year variable rate: 4.45%* (Prime + 0.50%)
- 3 to 5 year variable rate: 5.20%** (Prime + 1.25%)
*B2B Bank Prime Rate means the annual interest rate announced by B2B Bank from time to time as being its reference prime rate then in effect (the “Prime Rate”). The prime rate, 3.95% is as of January 1, 2019. Rate subject to change.
**If submitted by January 31 2019.