Whether an RRSP loan is a good idea or not depends on individual circumstances and financial goals. An RRSP loan is a loan taken out to contribute to a registered retirement savings plan (RRSP) and may be suitable for individuals who want to maximize their RRSP contributions but do not have enough cash on hand. Taking out an RRSP loan can allow investors to take advantage of tax benefits and compound interest over time. However, an RRSP loan also means taking on debt, and interest on the loan will need to be paid back in addition to the initial investment. As with any loan, individuals should consider the costs of borrowing and their ability to make the payments before taking out an RRSP loan. It is important to consult with a financial advisor to determine if an RRSP loan aligns with individual financial goals and circumstances.