What's an RRSP Loan and When Does it Make Financial Sense to get one?
01 February 2022

What's an RRSP Loan and When Does it Make Financial Sense to get one?

.The Canadian Saver

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An RRSP loan is just as the name suggests. It's a loan you can contract for the purpose of investing in an RRSP. Essentially, an RRSP loan allows you to get a loan in order to save for retirement. But what would drive someone to get a loan in order to save for retirement? When does it really make financial sense to get a loan for the purpose of retirement saving?