Investor Learning Centre

RRSP Catch-Up Loan Calculator

Try our RRSP Catch-up Loan calculator and discover benefits for investors who choose to borrow now to save for the future.

In most cases, you would be better off borrowing to make an RRSP contribution this year, rather than waiting or missing the opportunity all together. With RRSP contribution room and not enough funds to take advantage of it, you might consider an RRSP loan to accelerate wealth accumulation.

INPUT
Province or Territory of Residence
Taxable Income $  
RRSP Contribution (excluding loan) $  
Loan Amount $  
Expected Annual RRSP Rate of Return   %
Annual Loan Interest Rate   %
Years Until Retirement    
Years to Repay Loan    
RRSP Contribution Room    
Enter positive numeric digits only. Do not include commas, dollar signs, brackets or spaces.  
RESULT
RRSP Comparison
RRSP With Loan RRSP Without Loan Benefit Of Borrowing
Initial Contributions: $0.00 $0.00 $0.00
Estimated Tax Refund: $0.00 $0.00 $0.00
RRSP Value at Retirement: $0.00 $0.00 $0.00
Summary of Loan Information
Loan Amount: $0.00
Interest Paid for Term: $0.00
Monthly Payments: $0.00
Payment Period (in years):

Marginal tax rates are effective as of Wednesday, May 16, 2007.

RRSP Resources
Investor Learning Centre - RRSPs
There are significant benefits that make contributing to an RRSP a worthwhile component to your overall retirement plan.Read more »
 
Saving for Retirement
There are essentially two significant benefits that make contributing to an RRSP a worthwhile component to your overall financial plan. Read more »

DISCLAIMER: AIC Limited does not warrant or make any representations regarding the use or the results of the use of the calculators found herein in terms of their correctness, accuracy, timeliness, reliability, or otherwise. Under no circumstances shall AIC Limited, or any parent company, subsidiaries, affiliates, or their respective partners, officers, directors, employees, or agents be held liable for any damages, whether direct, incidental, indirect, special, or consequential, and including, without limitation, lost revenues or lost profits, arising from or in connection with your use or reliance on the calculators found herein.

Interest paid on RRSP loans are not deductible for tax purposes.

These calculators are provided for general illustrative purposes only. All examples are hypothetical. The calculators are provided only as an educational tool and does not constitute investment advice. To take into account your specific circumstances, you should obtain professional investment, legal and/or tax advice, as appropriate.



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