Podcast Episode 108:
“RRSP Mortgages and the CRA.”
Registered Retirement Savings Plan (RRSP) mortgages, the supposed Holy Grail of private lending. I hear it all the time. Borrowers of all stripes believe there is a vast pot of money held in RRSP accounts just waiting to be lent to them. And, to some extent, that’s true. There are lots of folks with lots of RRSP money tucked away. Maybe you’ve thought about leveraging your RRSP to become a lender yourself.
But, like everything else run by the government, there are rules to follow if you want to lend your RRSP money as a mortgage.