Want to lower your income tax bill, earn interest on your deposits and improve your retirement outlook? Consider an RRSP loan.

Over the long term, your tax savings and interest earnings will outweigh any borrowing costs. Apply your tax refund against the loan, and you may reduce your monthly loan payments right away.

RRSP contributions can be financed through:

 » One-year RRSP loan
 » RRSP catch-up loan
 » Line of credit

To calculate your optimum RRSP contribution, try our RRSP calculator.

One-year RRSP loan

This is a great choice if you need to top up your contribution.

• Available with a fixed or floating interest rate.
• Re-advanceable-once your loan is set up, just call us to re-advance your loan.
• A 90-day deferred payment option may allow your tax refund to arrive before you have to make your first payment.

To learn about Envision's RRSP investment options, please see Investments.

Two- to five-year RRSP catch-up loan

Take full advantage of your RRSP contribution limit from other years.

• Borrow up to $50,000
• Available with a fixed or floating rate
• A 90-day deferred payment option may allow your tax refund to arrive before you have to make your first payment.

Line of credit

A personal line of credit gives you access to a pool of funds that you can borrow from for any reason-including RRSP contributions.

• Eliminates last-minute financing worries during the busy RRSP season
• Enables you to determine monthly repayment amounts based on cash flow (minimum 3%)

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