6 Things to Know About RRSP Mortgages: A Legal Perspective.
Do you have a Registered Retirement Savings Plan (RRSP) in Canada? Are you unhappy with the financial performance of your RRSP? Are you looking for better investment returns in your RRSP? Or are you looking to borrow money? Perhaps you don’t want to borrow from a bank, credit union, or broker? If you answered yes to any of these questions, then you might find it attractive to use an RRSP mortgage. This blog post focuses on the legal aspects of lending and borrowing money from an RRSP as a mortgage, but it also applies to other Canadian registered investment funds like Registered Retirement Income Funds (RRIF), Registered Education Saving Plans (RESP), and Tax-free Savings Accounts (TFSA).