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.

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’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
Submission method Online Online

Destination of loan proceeds

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

  • a B2B Bank Dealer Services2 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 »

Document requirements

To assist the investment loan process, below is a chart that outlines the proof of income and proof of asset document requirements. Select the income or asset type below to ensure you obtain the appropriate documentation from your clients.

Proof of income

One or more of the following may be required:

  • Recent pay stub (within past 30 days)
  • Most recent T4
  • Most recent Notice of Assessment (NOA)

TIP: You may also be required to provide a letter of employment from your client. Ensure that it is dated within the past 30 days.

Required to provide:

  • Two most recent years of Notice of Assessment (NOA)

TIP: Ensure that the declared income on the loan application matches the net income on line 150 of the NOA.

Required to provide:

  • Two most recent years of Notice of Assessment (NOA)

TIP: You may also be required to provide one or more of the following documents from your client:

  • The two most recent years of financial statements
  • Confirmation of business ownership
  • Business bank statements

Ensure that the declared income on the loan application matches the net income on line 150 of the NOA.

Required to provide:

  • The most recent Notice of Assessment (NOA)

TIP: When your client is retired for less than one year, provide both of the following documents:

  • T4A  – Statement of pension and other income
  • T5 – Investment income

Required to provide:

  • The two most recent years of T1 Generals

TIP: You may also be required to provide your client’s lease agreement.


Ineligible income

The following income types and documentation will NOT be accepted:

  • Students and unemployed clients without income
  • Child tax benefits
  • Spousal support
  • Disability income

*Occasionally, B2B Bank may request POI/POA on certain applications. Subject to dealer requirements.

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

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.