Have you considered a RSP Catch-up Loan?

Help achieve your retirement goals faster

Many Canadians are concerned they haven’t saved enough for retirement; however, they may be missing an opportunity to contribute to their RRSP.

Maximize your unused contribution room

Consider this. Every day, we use borrowed money to spend on items such as cars, clothes and electronics. Rather than borrowing to spend on items that depreciate quickly, consider using your borrowing power to catch up on your unused RRSP contribution room and build your retirement wealth instead. The same can be done with your Tax Free Savings Account (TFSA).

Larger tax-deductible contributions

An RRSP catch-up loan can help you make a larger contribution to your RRSP without using your own existing savings. Declaring RRSP contributions on your tax return reduces your taxable income, which can in turn potentially get you a larger tax refund.

A refund can then be used to reduce your loan balance and/or contribute to your TFSA.

B2B Bank offers competitive RRSP loan rates ranging from 1 to 10 years.  For even more flexibility, you can also choose to save now and pay later with a 6-month payment deferral option.  B2B Bank is one of Canada's leading providers of RRSP loans, and because they work exclusively with advisors, I'm able to provide you with all the loan services they offer.

Let's talk about how an within your RRSP loan fits within your overall financial strategy.

Sincerely,

Nathan