Borrow Better for retirement

Whether you’re planning for retirement or you’re already there, you’ll want to know that your savings are working as hard for you as they possibly can. Borrow from TD so your retirement savings may grow.

Why borrow to contribute to your RSP?

  1. You can save on taxes
    Your RSP contributions can reduce the amount of income tax you pay. Borrowing is a way to contribute more, and thus save more in taxes.

  2. You can boost your savings for later
    Maximizing your RSP savings can bring you that much closer to reaching your retirement goals.

  3. You can handle retirement expenses more easily
    With a TD Line of Credit, you can use and re-use your approved funds with just one application.

Smart ways to plan your retirement

Borrow with a TD RSP Loan or Line of Credit to help maximize your RSP contribution.

Use and re-use credit1 with just one application

  • Available for: covering expenses or topping up your RSP
  • You can borrow2: $5,000 to $50,000
  • Repayment: As you pay back what you’ve used, the credit becomes available to you again1

Make the most of this year’s contribution room.

  • Available for: this year’s RSP contribution
  • You can borrow2: up to your unused contribution limit for this year
  • Interest Rate Choose fixed or variable rate option

Use contribution room from past years.

  • Available for: catching up on contributions you missed in the past
  • You can Borrow2: up to $50,000
  • Interest Rate Choose fixed or variable rate option

Personal Loan/Line of Credit Calculator

Use our Personal Loan and Line of Credit Payment Calculator to see what your payments could be.

Learn more about retiring well


1 Subject to the terms of the agreement
2 Subject to approval

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