RRSP Loans Starting at Just 5.65%
Maximize your retirement savings today with an RRSP loan starting at a competitive rate of 5.65%. An RRSP loan allows you to contribute to your retirement savings now, take advantage of immediate tax savings, and enjoy the benefits of compound growth. Let’s look at how it worked for Sarah.
Sarah's Story
Sarah, a 38-year-old shop manager earning $75,000 annually, wanted to take advantage of her unused RRSP contribution room but didn’t have the savings to do so. By taking out a $10,000 RRSP loan from StellerVista Credit Union, she was able to lower her taxable income, receive a $3,000 tax refund, and boost her retirement savings immediately. She used her refund to pay down part of the loan and repaid the rest in manageable monthly payments over the year. This simple strategy helped Sarah save on taxes, grow her retirement fund, and stay on track for her financial goals.