RSP Loans

Where applicable, the appropriate regulatory license is required to sell this product.

Make RSP loans a cornerstone of your growing business and a key part of your clients’ financial success.

Take advantage of our early bird RSP Loan rates1

Submit a new RSP Loan application between January 1 and 31, 2019 to save up to 1.0% interest on our posted 3 to 10-year variable rates.1

RSP Loan sale rates1  
Variable rate Term
5.20% (Prime + 1.25%) 3 – 5 years
6.20% (Prime + 2.25%) 6 – 10 years

Your clients could save
over 10 years on a
$20,000 RSP Loan.2

We have the tools and resources to help you evaluate your clients’ ability to qualify for an RSP loan before submitting an application to B2B Bank.

Visit the RSP Centre.

Your client’s scenario: The B2B Bank solution:
They don’t have the necessary funds to make a contribution… Variable rate RSP loans can be amortized for up to 10 years to make payments more affordable for your clients.
They want to maximize this year’s (and/or previous years’) RRSP contribution… Our RSP loans have no loan maximums, so your clients can borrow as much as they need, regardless of how much unused contribution room they have.
They prefer not to use their own savings for their contribution… By taking advantage of our deferral payment option – up to 6 months.3
They’ve decided (at the last minute) to make a contribution... Apply online for an RSP loan and you can provide your clients with a decision within seconds.If approved, their loan will be funded typically within one business day of receiving original documentation.

Loan Program Overview

Loan details Fixed rate Variable rate
Minimum amount $2,500 $2,500
Maximum amount None None
Term 1 or 2 years 1 – 10 years
Deferral option – up to 6 months Applicable Applicable
Submission method Online or by mail Online or by mail

Destination of loan proceeds

Proceeds from a B2B Bank Standard RSP Loan can be deposited to:

  • a B2B Bank Dealer Services5 RRSP account to purchase any RRSP-eligible investment.
  • a B2B Bank RRSP-GIC to purchase GICs issued by B2B Bank, Laurentian Bank, Laurentian Trust or LBC Trust

Apply today >

1 Limited time offer available from January 1, 2019 12:01 a.m. ET through January 31, 2019 11:59 p.m. ET. This offer only applies to new RSP loans, submitted with a selected term of 3- to 10-years. The variable sales rate may fluctuate for the duration of the loan based on B2B Bank's Prime Rate. This offer may be extended, modified, discontinued or withdrawn at any time without notice. Additional terms and conditions may apply. Existing B2B Bank RSP Loans are not eligible for the promotional rate and re-write requests will receive regular rates.

Prime Rate means the annual interest rate announced by B2B Bank from time to time as being its reference rate then in effect (the “Prime Rate”). All rates are subject to change without notice. The prime rate shown is 3.95% and is as of October 25, 2018. For current interest rates, please visit The annual percentage rate (APR) is the same as the posted rate and is based on a 10-year term.

2 The calculations shown are for illustration purposes only. Interest savings are calculated using the sale rate (6.20%) of a variable 10-year RSP loan in comparison to the current posted rate (6.85%) of a variable 10-year RSP loan. Actual rates and amounts may differ. B2B Bank cannot be held responsible for the accuracy of the calculation performed for the amounts indicated.

3 Clients can defer their first payment for up to 180 days on all B2B Bank RSP Loans. If a deferral option is selected, the first payment is due on the first payment date after the expiration of the deferral period. The interest accrues from the date of funding and extends the term of the loan by the length of deferral. RRSP contributions cannot be deducted from income in all circumstances. Consult a qualified tax professional for more information.

4 On loans up to the maximum RRSP deduction limit for the current year with terms of 1 or 2 years.

5 B2B Bank Dealer Services includes B2B Bank Financial Services Inc. (an MFDA member), B2B Bank Securities Services Inc. (an IIROC member, Member - Canadian Investor Protection Fund) and B2B Bank Intermediary Services Inc. (an AMF-regulated dealer operating in Quebec). B2B Bank is a trade-mark used under license. 

While RSP loans have the ability to magnify gains, they also have the potential to magnify market losses. B2B Bank does not provide investment advice to individuals or advisors and does not endorse nor promote any investment products. The dealer and advisor, not B2B Bank, are responsible for determining the suitability of investments for their clients and for informing them of the risks associated with borrowing to invest. B2B Bank acts solely in the capacity of lender and loan account administrator. Any loan approval from B2B Bank should not be construed as an endorsement of any investment choice, program or strategy. All loans are subject to credit approval and borrowed monies are due and payable regardless of the performance of the investments purchased. B2B Bank reserves the right to request additional information or documentation at its sole discretion. The B2B Bank RSP Loan Program is available exclusively through licensed financial advisors. Individuals should consult qualified tax specialists.

This information is intended for financial intermediaries only.