What is an rrsp loan

what is an rrsp loan

Primary Disclaimer:

● The information contained herein is for Ontario residents only and does not constitute an offer to sell or solicit sales in any other Canadian or Foreign Jurisdictions.

Mutual Funds and Global Educational Trust plans are available through Global Maxfin Investments Inc.

Insurance Products, Segregated Funds, HISA and GIC available through FTIC

Financial Planning Service available through Financial Services-Serguei Totrov

Mortgage Products available through DLC - Your Mortgage Choice (license #12439)

● Global Maxfin Investments Inc. (GMII) is related to Global RESP Corporation. Global Maxfin Investments Inc. and Global RESP Corporation are both 100% owned by a common shareholder.

● This publication contains opinions of the writer and may not reflect opinions of Global Maxfin Investments Inc. The information contained herein was obtained from sources believed to reliable, but no representation, or warranty, express or implied, is made by the writer or Global Maxfin Investments Inc. or any other person as to its accuracy, completeness or

correctness. This publication is not an offer to sell or a solicitation of an offer to buy any of the securities. The securities discussed in this publication may not be eligible for sale in some jurisdictions. If you are not a Canadian resident, this report should not have been delivered to you. This publication is not meant to provide legal or account advice. As each situation is different you should consult your own professional advisors for advice based on your specific circumstances.

Borrowed Money (Leverage) Disclaimers:

● Generally, it is not allowed practice to advertise leveraged strategy to general public. However, advertising RRSP loan as part of taxation strategy is permissible. Using borrowed money to finance the purchase of securities involves greater risk than a purchase using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and pay interest as required by its terms remains the same even if the value of the securities purchases declines.

Source: www.totrov.com

Category: Credit

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