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 borrow to make annual contributions, those who want to maximize this year's contribution or those wanting to take advantage of unused carry-forward amounts.


  • Apply only once
  • Competitive Rates
  • Lump sum repayment available
  • Easy phone call authorizes transfer
  • Make extra payments anytime, without penalty
  • Payment only 3% of outstanding loan balance


  • Limits available to $30,000
  • Available to purchase Newfoundland and Labrador Credit Union RRSP products
  • Credit life and disability insurance available
  • Available to purchase Mutual Funds**

*Mutual funds and financial planning are offered through Credential Asset Management Inc. Commissions, training commissions, management fees, and expenses all may be associated with mutual fund investments and the use of an asset allocation service.  Please read the prospectus of the mutual funds in which investment may be made under the asset allocation service before investing. Unless otherwise stated, cash balances, mutual funds and other securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Credential Asset Management Inc. is a subsidiary of Aviso Wealth Inc. and is used under license.

*All lending is subject to credit approval within normal credit guidelines.

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