Seaport is proud to introduce the Retirement Savings Protection Plan or RSPP. Now available to Canadians for the first time. Under our Interest Repayment Agreement, Canadians will receive a rebate of the interest payments made over the term of their Vacation Loans. This Interest Repayment will allow our borrowers to repay the full principal amount of their Vacation Loans.
To qualify, a borrower only has to keep interest payments current over the term of the Vacation Loan. As well, the borrower must maintain their Vacation Membership in good standing with their home resort.
We believe that it is very important to maintain member-resort relationships to ensure access to vacation experiences for the full duration of their Vacation Loan.
Industry statistics confirm that annual vacations with loved ones is a key to keeping personal health and productivity. Your Vacation Membership ensures that you will be able to enjoy irreplaceable family vacation experiences until you are ready to retire. Best of all, you have the peace of mind that your RRSP account will be funded to allow you to enjoy a comfortable retirement.
At the end of 20 years, your interest repayment will allow you to fully repay the principal amount of your Vacation Loan. When you Vacation Loan is repaid, the cash will be returned to your RRSP account. You can enjoy vacations today with the knowledge that your vacation costs will be fully returned to you when you need to use your RRSP.