Tips to guide you through the application process
Get faster funding for your client's RRSP contributions by using our 5-step checklist.
A) Personal and employment information
(for both borrower and co-borrower, if applicable.)
B) Required supporting documentation.
All RSP loans require the following support documentation to be submitted:
C)Include details from two pieces of valid identification for each applicant.
Clearly indicate the ID type, unique ID number, issuer, and the expiration date (if applicable) in the Borrower Information section of the application.
Types of identification accepted by B2B Bank:
One piece of Type 1 and one piece of Type 2 Documentation
Two pieces of Type 1 Documentation
Type 1 Identification Documents
NOTE: Health Cards in Quebec must be offered by clients - they cannot be requested.
For RSP loan amounts greater than the maximum RRSP deduction limit for the current year, or loans with a term longer than 2 years we require:
D) Proof of income
Salaried income - Recent pay stub or Notice of Assessment.
Commissioned income - Last two years' Notice of Assessment.
Self-employed income - Last two years' Notice of Assessment and Financial Statements.
NOTE : Additional documentation may be requested at the discretion of B2B Bank.
For faster adjudication, complete the application using EASE.