The Canadian Money Roadmap

Should you take an RRSP loan?

Evan Neufeld, CFP® Episode 183

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0:00 | 9:54

In this episode, Evan examines the pros and cons of RRSP loans—borrowing money to contribute to your retirement savings. He notes  while RRSP loans offer tax deductions and lower interest rates, most people would be better off avoiding them due to the costs, risks, and limited flexibility of leveraged investing.

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