Home Buyers' Plan
By on Sep 22, 2010
Thanks to Canada's Home Buyers Plan (HBP) would-be home owners can withdraw up to $25,000 from their registered retirement savings plan (RRSP) to buy or build a home. That's a nice downpayment, but many buyers are unaware that this program is there to help them.
To find out if you apply, check out Revenue Canada's Conditions for participating in HBP.
You'll find all the necessary forms and details including how much you can withdraw and how often on the http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/hbp-rap/jnng-eng.html page.
Happy house hunting!
