We're Here for You

By Phone

Give us a call 24 hours a day, 7 days a week at
1-888-826-4374.

By Online Chat Session
Saving & Chequing

Weekdays 8am - 8pm ET
Weekends 9am - 5pm ET

Investing

Weekdays 8am - 8pm ET

FAQs

If you've got questions, we've got answers.
visit our FAQ's

Face-to-Face

We'd love to have you drop by one of our Tangerine Locations

In Online Communities

FAQs: RSP loan


What is an RSP Loan?

An RSP Loan from Tangerine is a secured loan for RSP investments offered to residents in all provinces of Canada. The funds from the RSP Loan can be invested into an RSP Savings Account.

The maximum amount for an RSP Loan from Tangerine is $15,000.

If you obtain an RSP Loan and direct the funds to a Tangerine RSP Account, the funds are deposited as 'new' money into a Tangerine RSP Account, and an RSP receipt is issued as if you had deposited funds that were not borrowed.

You can get more information on our RSP Loan here or by calling us directly at 1-888-826-4374. Our Associates are available 24/7 to help you.

Back to Top


Who can apply for a Tangerine RSP Loan?

To qualify for a Tangerine RSP Loan, you must...

  • Be a resident of Canada

  • Be at least 18 years old — even if there is a co-applicant

  • Have at least two years of credit history in Canada

  • Have a valid SIN

  • Have a steady source of income

You can get more information on our RSP Loan here or by calling us directly at 1-888-826-4374. Our Associates are available 24/7 to help you.

Back to Top


When does the CRA decline to register an RSP?

Generally, the CRA will not register an application:

  • If the applicant is over the age of 71.

  • If the applicant is not a Canadian taxpayer, or

  • If the applicant does not have any deduction room available for further contributions into an RRSP, with certain exceptions.

Back to Top