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RRSP loan
Is borrowing to contribute better than saving monthly?
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Your answers
Province you pay tax in
The territories (Yukon, Northwest Territories, Nunavut) are not modelled yet — we do not apply British Columbia rules to them.
Tax year
2025 rates (the only year we hold)
Income you expect this year (CAD)
$
Amount you would borrow and contribute (CAD)
$
Loan interest rate
%
Years to repay the loan
yrs
Deduction room available (CAD)
$
I don't know my room
Put the tax saving straight onto the loan
Otherwise it is invested instead. Either way it is counted, so the two paths use the same money.
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