Line of Credit in Toronto, Brampton & Mississauga

A line of credit lets you borrow money when you need it, up to an approved limit. You only pay interest on the amount you use, and you can repay and borrow again as needed.

Common uses

• Investing through an investment loan or leveraging strategy
• Topping up RRSP contributions
• Consolidating higher-interest debt
• Home renovations and large purchases
• A safety net for unexpected expenses

Things to consider

• Interest rates are usually variable and can change
• Secured lines of credit, such as a home equity line of credit, usually have lower rates
• Borrowing to invest increases both potential gains and potential losses

We can help you understand your options and how a line of credit fits into your overall wealth plan.