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Don't miss the March 1 Deadline - Take advantage of an RRSP Loan

RRSPs are a great way to save and its important to maximize your contributions to get the most benefit. The March 1 deadline is looming.

Contributing to your RRSP not only helps grow your savings, but could also reduce the amount of income tax you pay. If you don’t have an RRSP, we can help find the best plan for you.  But what if you are temporarily short of cash and don’t have enough to contribute as much as you would like to your RRSP?.

Maximizing or even just starting your RRSP has never been easier. An RRSP loan may be just the thing for you. Take advantage a short-term RRSP loan. These are offered through most Canadian banks and Insurance companies and there are some great offers right now.

Using an RRSP Loan means that you can continue to contribute to your RRSP or increase your contributions, no matter what your financial situation. What’s more, if you use any tax refund towards payment of your loan balance, the loan will be repaid more quickly may be all in one go. 

Maximizing your RRSP before the March 1 deadline makes sense for most people. But cash is not always available right away. If this is your concern, then an RRSP Loan maybe appropriate for you. Contact us now.

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​​RRSP Loans

​+1 (403) 949 2595

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