RRSP loans

Personal

Business

Why us

Join us

Reasons to borrow for your RRSP.

Reach your investment goals

Benefit from tax-deferred growth within your RRSP and a potential tax refund that you can further invest by maximizing your contribution.

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Save on taxes

Use RRSP contributions to lower your taxable income this year. With great rates, you may pay a little in interest to save a lot on taxes.‍

Calculate loan interest

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Save on interest

Borrow at Vancity Prime+0.70% when you use your RRSP Loan to invest with us.

Vancity Prime Rate: 7.20%¹
As at 2023-07-13

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Make it happen.

Let’s walk through the process of applying for an RRSP loan.

Talk to us.

Chat with an Account Manager or Lending Specialist. We'll answer your questions and help you move forward with confidence.‍

Or, meet with an investment professional about more ways to manage your RRSP.

Hear your options.

We’ll look at different ways to reach your goal and help you on your path forward. We may even uncover something more favourable than what you came in for.

Provide application documents.

Once the Account Manager or Lending Specialist finds the right solution for you, they’ll put together the application and handle the rest for you.

See document checklist

Sign for your loan.

If you’re an existing member, you can sign virtually. If you’re new, we’ll set up a time for you to visit a branch. If you got a RRSP Re-Advanceable loan last year, you won’t have to sign at all.

Book a call

Make the most of your RRSP.

Reasons to borrow for your RRSP.

Reach your investment goals

Save on taxes

Save on interest

RRSP loan options.

RRSP Re-Advanceable

RRSP Top-Up

Make it happen.

Talk to us.

Hear your options.

Provide application documents.

Sign for your loan.

More on RRSPs.

Learn about RRSPs and how to open one.

Learn how to plan for retirement.

Why everyone needs an estate plan.