RRSP & TFSA Loans

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.

Short-Term Loans

  • Minimum amount $1,000
  • Maximum amount $26,500
  • 1 year amortization
  • Northern Savings Prime Rate*
  • Repay whole or part of the loan at any time with no penalty
  • Instant tax receipts available for RRSP loans
  • Delay payments for up to 90 days

Catch-Up Loans

  • Minimum amount $1,000
  • No maximum amount*
  • 2-5 year amortization
  • Variable rate at Northern Savings Prime + 2%*
  • 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 are a variety of investments and alternatives, from easy-to-access savings plans to long-term fixed-rate investments.

*Must qualify as per regular lending criteria. Rate available for Northern Savings investments.
    Loan Payment: