A little short on cash? If you find that you're a little (or maybe even a lot) short of making your annual RRSP or TFSA contribution, then an investment loan could be the ideal solution!
An investment loan at Northern Savings is a fast, easy, and efficient way to take advantage of tax savings. Whether you are looking to maximize your annual contribution, or to catch up on unused contribution room from previous years, Northern Savings has flexible loan features to suit your needs.
- Repayment options from 1 to 5 years
- Interest rate options as low as Prime*
- Delay payments for up to 90 days
- Repay whole or part of the loan at any time with no penalty
- Instant tax receipts available for RRSP loans
Where to Invest?
Now that you have your investment loan, where should you invest your money? There is a variety of investment alternatives, from easy-to-access savings plans to long-term fixed-rate investments.