Looking for a great new way to demonstrate your advisory role to your clients during the upcoming RRSP campaign? Or maybe you are looking to open the door to new, long-term client relationships?
Introducing the RRSP-HBP loan
On November 16, we will be launching a new concept in time for the 2021 RRSP campaign – the RRSP-HBP loan!
This concept allows your clients to take advantage of the Home Buyers’ Plan (HBP) even if they currently have little or no savings in an RRSP.
Advantages of the iA Financial Group RRSP-HBP loan
- Raise funds for first-time home buying projects
- No change to your clients’ budget in the short term
- A simple and low-cost solution
- No processing fees, no credit checks
- Use as a standalone solution or to complement an HBP withdrawal from an existing RRSP
What’s more, the RRSP contract is opened under the advisor’s code, and can remain open after the HBP withdrawal!
Build lasting client relationships
Stand out from the crowd by proposing the RRSP-HBP loan strategy to your clients! Those who seek out this strategy are, for the most part, aged between 25-35 – a clientele with great potential further down the road not only for RRSPs but for TFSAs, RESPs, living benefits and life insurance.
How does it work?
To understand the process, check out the new RRSP-HBP loan marketing document (also available in the Document Centre). It explains the process simply and outlines the client benefits in the short and long term!
Remember that the funds raised using this strategy result only from the tax refund generated by deducting the RRSP contribution amount. No funds are paid directly to the client by iA.
For more information, consult:
- RRSP-HBP loan marketing document (F13-1118A)
- The RRSP-HBP loan FAQ
- The RRSP loan product guide – a new section has been added entitled “RRSP-HBP Loan” which covers the administrative aspect of the product
All these documents are available in the Document Centre of the Advisor Centre by searching for “RRSP-HBP loan”.
If you have any other questions, contact your sales teams or call one of our Client Relations Specialists at 1-844-442-4636!
