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Scotia RSP Catch-up LOC

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  • Feb 14th, 2020 10:12 am
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Jul 17, 2008
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Scotia RSP Catch-up LOC

Can anyone please help me understand what exactly this product is? Makes it sound like whatever you draw it will be put in an RRSP automatically, therefore using your RRSP room. This is not like a regular LOC correct? Scotia just offered me 30k pre-approved, which is a nice amount and I'd take it if it was a regular LOC, but I have a feeling it's not.
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