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
- Make extra payments anytime, without penalty
- Payment only 3% of outstanding loan balance
Features:
- Available to purchase Valley Credit Union RRSP products
- Available to purchase Mutual Funds
All lending is subject to credit approval within normal credit guidelines.
Mutual funds and other securities are offered through Qtrade Advisor, a division of Credential Qtrade Securities Inc., Member of the Canadian Investor Protection Fund. Mutual funds are offered through Qtrade Asset Management Inc., Member MFDA.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
