RRSP Line of Credit

Making an annual RRSP contribution is as easy as transferring the funds from a pre-arranged line-of-credit.  It’s a convenient option for people who make annual contributions by borrowing, or who want to maximize this year's contribution or take advantage of unused carry-forward amounts.

Benefits:

  • Apply only once
  • Rates as low as prime
  • Lump sum repayment available
  • Easy phone call authorizes transfer
  • Make extra payments anytime, without penalty
  • Payment only 3% of outstanding loan balance

Features:

  • Limits available to $30,000
  • Available to purchase Progressive Credit Union RRSP products
  • Available to purchase Mutual Funds**

 **Mutual funds are offered through Dave Gorman Financial Stratigies of Worldsource Financial Management Inc., sponsoring mutual dealer. 

Worldsource Financial Management Inc. is responsible only for mutual fund-related business activities conducted by its Registrant,and is not responsible for any other business interests and activities undertaken by its Registrant, and is not responsible for any other business interests or activities undertaken by its Registrant or by Progressive Credit Union.  Worldsource Financial Management Inc. will not be held liable for any software damages resulting from use of this website.

 *All lending is subject to credit approval within normal credit guidelines.

 

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