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Why an RRSP loan?

RRSP contribution is one of the best ways to build a secure retirement while reducing your amount of taxable income. The amount you contribute is dependent on your income and savings objectives. To maintain your financial goals, however, it is important to stay on track and maximize your RRSP contribution every year.

Sometimes, a temporary shortage of funds can make a full contribution difficult to achieve, causing you to fall behind. One way to help you maintain a full contribution, despite a lack of funds, is to take out an RRSP loan.

Taking out an RRSP loan is an investment strategy used to maximize your RRSP contribution, where compound interest and tax deferral can outweigh the cost of borrowing.

There are many advantages in taking out an RRSP loan including receiving a higher tax return, allowing you to move forward despite a temporary lack of funds, and increasing your retirement income.

Because of the many factors involved in assessing how much, or what type of a loan you should take out, it is important that you consult a financial specialist before taking out a loan.

Through a complete needs-based analysis, Stand-Up Advisor offers you products with flexible payment schedule options so that you can rest easy when making your next RRSP contribution.

An RRSP loan through Stand-Up Advisor gives you:

  • Competitive rates and payment terms
  • Flexible loan amounts (with no minimum amount)
  • The opportunity to invest in other strategies with your loan, such as GICs, Mutual Funds, Segregated Funds and SRIs
  • An exclusive analysis of how much your Federal and Provincial Child Benefits will increase
  • An increase in your tax refund
  • An increase in your retirement income

Why Stand-Up Advisor?

At Stand-Up Advisor, we offer highly competitive rates for all RRSP Loans coupled with a complete financial needs-based analysis, so that we can help you make an informed decision.

As an independent financial consulting firm, Stand-Up Advisor is not bound by exclusivity contracts. This allows us to do two things: 1) Gain access to all available products 2) Compare and offer the most competitive rates.

Make your money work for you. For a complete and personalized financial needs-based analysis, book a consultation today.