Advisors now have quick and easy access to RSP loans for their customers year round

TD Asset Management Inc. is launching a program to provide financial advisors with access to RSP loans for qualified clients.

The RSP loans, granted by The Toronto-Dominion Bank (TD Canada Trust), can be used to invest in TD Mutual Funds.

“We are pleased to offer advisors easy access to loans to help meet their clients’ needs during this RSP season and throughout the year,” says Douglas Yam, vice president and Managing Director, TDAM National Sales. “Advisors may be looking for RSP loan suppliers as options are limited.”

RSP loans can help investors maximize their RSP contributions, as well as catch-up on any unused contribution room. The TD Canada Trust RSP loan offers qualified investors a minimum loan amount of $1,000 to a maximum of the client’s allowable RSP contribution amount. Advisors submit the RSP loan application on behalf of their clients and the application will be processed within one business day.