I just learned banks in Canada are offering a line of credit that allows you to borrow to make contributions to a registered retirement savings plan (RRSP).

an RRSP is like a subsidized savings account with certain tax advantages. Contributions to these accounts are tax-deductible.

So basically, borrow at 5% interest to make a tax-deductible deposit into this account and you don't have to pay tax on withdrawals if
a) you are retiring or
b) you are buying your first home
c) paying for an education.

I guess I can see how this might advantage some people. Idk, its all a bit complex for me. Is this peak fiat?

I prefer to just stay humble and stack sats.