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By contributing a larger amount taxable income for the year, RSP loan, you potentially increase tax refund. Can you borrow from RSP. How does an RSP loan work.
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Is an RRSP Loan Worth It? - The AgendaUse this calculator to see how much an RRSP loan investment applied to this year's tax return could be worth at your retirement. Get closer to your retirement goals by borrowing money to increase your RSP contribution. % Interest rate years Term. An RRSP loan lets you borrow money to contribute to your RRSP. This strategy can help you lower your taxable income but it isn't right for.