{"id":66988,"date":"2016-02-18T12:02:00","date_gmt":"2016-02-18T08:02:00","guid":{"rendered":"http:\/\/localhost\/?p=66988"},"modified":"2016-02-18T12:02:54","modified_gmt":"2016-02-18T08:02:54","slug":"borrowell-wealthsimple-partner-to-help-canadians-maximize-rrsps","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/borrowell-wealthsimple-partner-to-help-canadians-maximize-rrsps","title":{"rendered":"Borrowell, Wealthsimple Partner to Help Canadians Maximize RRSPs"},"content":{"rendered":"<p><a href=\"http:\/\/www.borrowell.com\" target=\"_blank\"><img decoding=\"async\" style=\"margin: 11px 22px; float: right;\" src=\"https:\/\/c2.staticflickr.com\/2\/1550\/24483485564_f549d28865.jpg\" alt=\"\" width=\"350\" height=\"156\" \/>Borrowell<\/a>&nbsp;and&nbsp;<a href=\"http:\/\/www.wealthsimple.com\" target=\"_blank\">Wealthsimple<\/a> have partnered to give Canadians a tempting tax-season offer.<\/p>\n<p><!-- pagebreak --><\/p>\n<p>The two Canadian financial technology startups are offering an RRSP top-up loan.<\/p>\n<p>&#8220;In many cases, if you have unused RRSP room, you can increase the contribution to your RRSP by 67% by using a personal loan to top it up, and then pay back the loan out of your tax savings,&#8221; says Borrowell.<\/p>\n<p>According to the companies, the RRSP Top-Up Loan is right for you if:<\/p>\n<ul>\n<li>You&rsquo;re making an RRSP contribution but still have room to top up<\/li>\n<\/ul>\n<ul>\n<li>You have good credit and can qualify for a loan with a reasonable interest rate<\/li>\n<\/ul>\n<ul>\n<li>You have the financial discipline to pay back at least a portion of the loan with your tax refund<\/li>\n<\/ul>\n<ul>\n<li>Check your rate on an RRSP top-up loan now. It only takes a minute and won&rsquo;t affect your credit score.<\/li>\n<\/ul>\n<p>From raising one of the largest series A funding rounds in Canadian history, announcing $400 million in assets with over 10,000 clients in less than a year, acquiring a brokerage, and the launch of mobile app in Canada, Wealthsimple has become Canada&rsquo;s largest online investment manager and was a <a href=\"http:\/\/www.techvibes.com\/blog\/canadas-largest-online-investment-manager-2016-01-11\" target=\"_blank\">finalist for the Canadian Startup Awards<\/a>.<\/p>\n<p>Meanwhile Borrowell has gained traction as lending moves <a href=\"http:\/\/www.techvibes.com\/blog\/financial-technology-surge-expected-to-continue-through-2016-2015-12-23\" target=\"_blank\">away from institutional<\/a> and toward micro-loans from individuals.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Borrowell&nbsp;and&nbsp;Wealthsimple have partnered to give Canadians a tempting tax-season offer. The two Canadian financial technology startups are offering an RRSP top-up loan. &#8220;In many cases, if you have unused RRSP room, you can increase the contribution to your RRSP by 67% by using a personal loan to top it up, and then pay back the [&hellip;]<\/p>\n","protected":false},"author":54503,"featured_media":66990,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-66988","magazine","type-magazine","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/66988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/54503"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/66988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/66990"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=66988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=66988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=66988"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=66988"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=66988"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=66988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}