Home Equity and RRSP Contributions Jan 6, 2022 × Read our case study on RRSP catch-ups here. Case Study × Did you know that your home equity can be used to catch up on RRSP contributions? If you’ve seen the value of your home increase over the past years, you may be able to refinance your mortgage and put the proceeds towards saving for your retirement. This approach will not only help to diversify your investments, it will also reduce your taxable income. Maxing your RRSP contributions will reduce your taxable income significantly — and proper use of home equity is the key to this process. That’s how our team was able to help our clients, Boris and Bonnie. The RRSP catch-up strategy helped them to diversify home equity into other investments, kick-start their retirement savings, and save them over $204,000 in taxes over 5 years. The net impact was that they paid an after-tax cost of -2.58%. Yes, that a negative 2.58%.