While it may seem strange to borrow money to save money, the math works. You'll save for the future and save on taxes at the same time.
Scotiabank offers a strategy that enables you to borrow to optimize your investments:
Scotia RSP Catch-Up Line of Credit and Catch-Up Loan
Designed to maximize your contributions to your RSP. It's never too late to top up your RSP, or to catch up on any unused RSP contribution room.
To see the benefits of boosting your RSP contributions with a Scotia Catch-Up Loan, try our Scotia Catch-Up Loan Calculator.
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