RRSP Borrowing

RRSP Loans

RRSP loans*, with rates as low as prime (OAC), provide an opportunity for members to maximize their RRSP contribution. Take advantage of maximum tax benefits today while planning for future retirement.

Take advantage of unused carry-forward amounts or maximize a yearly contribution by borrowing with a CUA RRSP Catch-Up Loan, and take up to 10 years to repay.  If you receive a tax refund, it could be used to:

  • pay down the loan balance;
  • make an early contribution for next year;
  • spend at your leisure – the choice is yours.


  • Terms from 1-5 years with 10-year amortization period*
  • Invest in products available through CUA
  • Invest in Mutual Funds**
  • Credit, life, critical illness and disability insurance available
  • Minimum payments apply

Click Here For Rates

*Conditions may apply. See in-branch for details. 

RRSP Line of Credit

Additional Features:

  • Apply only once
  • Make extra payments anytime, without penalty
  • Flexible re-payment options available on outstanding loan balance
Ready to apply for an RRSP Loan or Line of Credit online?

You can also apply by connecting with a member of the CUA team by visiting a branch or by calling the Customer Contact Centre at 902.492.6500.

*Loan is due in full if transfer or redemption of RRSP is requested.  Fixed deposits remain for the duration of the term following repayment of the loan.  All lending is subject to credit approval within normal credit guidelines.

**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. Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of your purchase declines.

Let's talk.