RRSP Loan Calculator

An RRSP loan can be an excellent way to jump start your retirement savings. Use this calculator to see how an RRSP loan could help you in your retirement savings plan.
By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.



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An RRSP Loan of $1,000.00 could be worth $1,967.20 at retirement
*indicates required.
Monthly loan payment:
$44.32
Total interest to be paid:
$34.28
Tax refund:
$350.00
Tax refund applied to principal:
$350.00
Time to repay your loan:
1 year and 4 months
RRSP Balance vs. RRSP Loan Balance Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.


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Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.