Here’s a Great strategy that could literally save you THOUSANDS as it relates to your financial wellness and your mortgage. I’ve provided a video tutorial and a few written details below. Call me once you’ve had a chance to watch. Deadline March 1, 2011 You may be surprised to know that you have unused RRSP [...]
Referred to as the HBP (Home Buyer’s Plan) There are a few misconceptions surrounding RRSP’s as they relate to the home buying process that I’d like to put straight. 1) The first common misconception is: “The RRSP MUST be used towards the Down Payment” = FALSE You can use as much or as little as [...]
Can I Use My RRSP’s to Buy a home? How does the Home Buyers Plan (HBP) work? Each purchaser may withdraw up to $25,000 from their RRSP to buy or build a qualifying home. If you buy the qualifying home together with your spouse or other individuals, each of you can withdraw up to $25,000 [...]
RRSP Home Buyers Plan What is the HBP? The RRSP Home Buyers Plan (“HBP”) is a federal government program that allows first time home buyers to currently withdraw up to $25,000.00 (the “Contribution”) from their RRSP to use in the purchase of their first home. To qualify as a first time home buyer, the buyer [...]
