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RRIF vs RRSP: Choosing the Right Retirement Savings Plan
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Registered retirement savings plan (RRSP)
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theglobeandmail.com
An RRSP Loan can be a smart tax-planning tool—when used correctly. It helps you maximize your RRSP contribution, save more tax today, and let your money start growing sooner. What is an RRSP Loan? An RRSP loan is money you borrow from financial institution to contribute directly into your RRSP. The goal is simple: 👉 Put money to work now, instead of waiting years to save it slowly. How an RRSP Loan helps with tax savings?. When you contribute to your RRSP using a loan: You still get the full RR
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