The CU TAKE TEN RRSP loan is for members who want to take full advantage of their allowable Retirement Savings Plan (RSP) deduction limit. There is the potential to minimize payable income tax.

Affordable: Expand/Collapse

"You can maximize your RRSP deduction limit with a low repayment schedule."
- Monthly payments as low as $100.

Flexible: Expand/Collapse

"You have many options to meet your needs."
- Diverse Repayment Options, including:

  • Payment frequency
  • Terms of up to 10 years
  • Automatic transfers or self-service payments
  • Competitive fixed or variable rates

Cost Savings/Earnings: Expand/Collapse

"You can prepay your loan at any time and save on interest."
- No penalty

"You may share in the credit union's profits."
- Eligible for the ProfitShares program.

Peace of mind: Expand/Collapse

"You can protect your assets and your family."
- Loan payment protection available:

  • Life
  • Disability
  • Critical illness
  • Loss of Employment

"You can borrow funds without leveraging other assets."
- Unsecured loans up to $25,000.

Who might benefit from this product/ service?

For members who have a large unused RRSP deduction limit and want to catch up on their retirement savings.


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