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Retro-Activator RRSP Loan

Key benefits

  • Ideal if you have unused RRSP contribution room
  • Flexible payment options
  • Competitive interest rate


  • Make contributions year-round
  • With loan amount starting at $7,5001, you can make larger contributions to your RRSP investments with BMO Financial Group2



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Most commonly used for

Repayment & how it works

Creditor Insurance

Optional Creditor Insurance on your loan helps reduce or pay off the balance on your insured loan in the event of your death, or cover your payments fully or partially when you can't work due to illness, injury or involuntary job loss.

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RRSP Loan Life Insurance

  • Your loan balance will be reduced or paid off if you pass away
  • Loans up to a maximum of $150,000 can be insured
  • Premiums are calculated each time a regular loan payment is made and collected automatically with your regular loan payment
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RRSP Loan Disability Insurance

  • Your loan payments will be fully or partially covered if you are unable to work due to a disability such as: injury or serious illness
  • Available to the borrower and co-borrower loan applicant(s) who is age 18 to 64 and actively working at the time of the insurance application
  • Monthly premium rate table: Rates are pro-rated accordingly if your payments are other than monthly
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Have Questions?

1 Applications and the amount you can borrow are subject to meeting BMO’s usual credit criteria. Back

2 Members of BMO Financial Group include investments offered by: Bank of Montreal, Bank of Montreal Mortgage Corporation (BMMC), BMO Investments Inc., BMO InvestorLine Inc., BMO Nesbitt Burns Inc., and BMO Private Investment Counsel Inc. Back