An RRSP loan is just as the name suggests. It's a loan you can contract for the purpose of investing in an RRSP. Essentially, an RRSP loan allows you to get a loan in order to save for retirement. But what would drive someone to get a loan in order to save for retirement? When does it really make financial sense to get a loan for the purpose of retirement saving?

What's an RRSP Loan and When Does it Make Financial Sense to get one?

My name is Awa, a personal finance enthusiast and a licensed Life Insurance Agent in Canada. This channel is dedicated to helping you achieve financial stability and retire early by providing tips to earn more money, save more money, pay off debt, budgeting and more. While it’s not easy to achieve financial freedom it’s definitely possible as long as you have the tools necessary to get there.

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What's an RRSP Loan and When Does it Make Financial Sense to get one?

What's an RRSP Loan and When Does it Make Financial Sense to get one?