Make the Most of Your RRSP and other Investments
Most financial planners will tell you that contributing your full allowance to your Registered Retirement Savings Plan (RRSP) is one of the most important things you can do to secure your future. But there are times when it's hard to find all the money - and not just for this year. If you've missed making the full contribution in previous years, you may have a lot of room in your RRSP and you may now want to catch up.
To help you choose the right option, we'll consider how often you need to borrow in order to invest and, in the case of RRSP investing, how much of your allowance you may have missed in previous years.
Find the options that are right for you here or, for personalized service, contact one of our credit specialists today.
Want to borrow so that you can invest in non-registered investments? Click here.
Choose the Right Option for Investing in Your RRSP
| Royal Credit Line® |
Personal Loan |
| $5,000 up to the annual contribution limit, to top up your annual contributions - at rates as low as Prime. |
Up to $50,000 to catch up on missed contributions - at rates as low as Prime. |
The ideal solution if you will likely need to borrow again in the future.
Plus, you can defer your first payment for 120 days and use your tax rebate to pay down your loan.
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Ideal if you have a lot of contribution room in your RRSP from previous years or will only need to borrow once.
Plus, you can defer your first payment for 120 days and use your tax rebate to pay down your loan.
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Royal Credit Line
A Royal Credit Line is the ideal way to borrow in order to top up this year's RRSP contribution - in part or in full - and the following years' too. We'll arrange a fixed schedule of payments to make it easy and convenient to pay off your line. And you can use it again - up to your credit limit - to maximize your contribution every year.
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Personal Loans
Ideal if you only want to borrow for a single year's payment and are unlikely to want to borrow again in the near future. This is also ideal if you've missed making all or some of your RRSP contributions in previous years. A Personal Loan can help you catch up, making sure you don't miss out on any of the tax-saving and investment growth opportunities available to you.
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Your RRSP can be one of the most attractive investment opportunities of all. To make the most of it, talk to an RBC Royal Bank credit specialist today. |
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Choose the Right Option for Investing Outside Your RRSP
| Royal Credit Line® |
Personal Loans |
| Secured or unsecured revolving credit that puts you in control. |
Flexible terms and options to suit your needs. |
The ideal solution if you borrow frequently to invest, because you can use it again and again. You can enjoy a higher credit limit by using the equity in your home to secure your loan.
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Ideal if you only want to borrow once, for a single investment.
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Royal Credit Line
A Royal Credit Line gives you immediate access to funds whenever you need them, up to your approved limit. Set it up once and borrow again and again - for any purpose - without reapplying. And accessing your credit any time of the day or night couldn't be easier - just make a withdrawal at any RBC Royal Bank Banking Machine or write a cheque. You can also transfer funds or make payments by phone, through RBC Telephone Banking, on online with RBC Online Banking.
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RBC Royal Bank Personal Loans
Let us structure an RBC Royal Bank Personal Loan for you. Choose the repayment term that suits you and select either fixed or variable interest rates. Our wide range of payment options make it easy to pay off your loan. You can also pay more at any time without penalty - and even skip up to 2 payments each year.
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Apply Now for the RBC Royal Bank borrowing solution that best suits you and your registered or non-registered investment needs - or talk to an RBC Royal Bank credit specialist. |
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