Loans for RRSPS, TFSAS and investments

An efficient financial strategy for meeting your investment objectives

SSQ Financial Group offers loan programs for investment in RRSPs, TFSAs and Non-Registered Savings Plans (NRSPs) with various reputable lending institutions like:

  • B2B Bank
  • SSQ

Why Borrow to Save?

Because the earlier you start saving, the more savings you can accumulate from earnings over time.

RRSP Loan

The money from an RRSP loan is meant to be invested in an RRSP.

Advantages of an RRSP Loan

  • The returns from your RRSP grow tax free in the plan and increase your savings for retirement
  • The income tax refund from your RRSP contribution can be used to repay a portion of the loan
  • Options are available to postpone the first loan payment, usually until the tax refund is received 
  • You may invest the borrowed amount in a guaranteed interest account (GIA) or in your choice of segregated funds.

Is the RRSP Loan for you?

The RRSP loan strategy is right for you if:

  • You want to contribute the maximum amount to your RRSP, either for the current year or to take advantage of your unused contributions
  • You want to increase your retirement savings but don't have the cash
  • You are able to repay the loan
  • You are aware of the risks associated with the RRSP loan strategy*

How to Apply for an RRSP Loan?

Contact your financial security advisor or call us.

TFSA Loan

A TFSA loan means borrowing money to invest in a TFSA.

Advantages of a TFSA loan

  • TFSA returns are tax free
  • The minimum amount of the loan is $5,000 and you can take up to 10 years to repay it
  • No penalty if you repay your loan before term

Is the TFSA loan for you?

The TFSA loan is the right investment strategy for you if: 

  • You have reached your annual maximum RRSP contribution limit
  • You want to grow your savings or set up an emergency fund
  • You are able to repay this loan
  • You are aware of the risks associated with the TFSA loan strategy*

How do I apply for a TFSA loan?

Contact your financial security advisor or call us.

Investment Loan

What is an investment loan?

The investment loan is a strategy consisting of borrowing money to invest in a non-registered savings plan (NRSP).

To secure the loan, the amounts invested in the NRSP are used as collateral.

Advantages of an Investment Loan

  • Generate returns on the borrowed amounts
  • Different borrowing options are available, including an option without personal initial capital
  • The cost of the loan is reduced because the interests on the loan are usually tax deductible 

Is the Investment Loan Right for you?

The investment loan strategy is right for you if:  

  • Your RRSP contribution ceiling has been reached and you are looking for ways to increase your savings
  • You want to increase the gains on your investments
  • You are able to repay the loan
  • You have a long-term investment perspective
  • You have a good tolerance for risks associated with the investment loan strategy*

How to Apply for an Investment Loan?

Contact your financial security advisor or call us.

* RRSP, TFSA and investment loans involve a significant amount of risk. Even if the value of investments varies, the balance of the loan must be repaid. In addition, the amount of the monthly payment may vary if you have chosen a variable interest rate on your loan─just one more thing to consider when preparing your financial plan.

Contact us

1-800-320-4887