u/till180

So I just got an email about an offer to use a $20,000 portfolio line of credit and WealthSimple reimburse the interest for two months, and I was wondering could you just borrow that money and park it into something safe like your chequing account or something like CASH.to and collect the interest for those two months and just repay it as soon as the two months are up?

At 2.25% interest that is an extra $75.

If you did do this would there be any tax or credit implications, I have so far never actually take any kind of loan other than credit cards.

Not really sure if it would actually be worth the effort to do, but more so just interested in knowing.