Take advantage of the Home Buyers’ Plan
02.04.2010 | Uncategorized
Use the money in your RRSP’s to take advantage of the Canada Customs and Revenue Agency Home Buyers’ Plan. First-time homebuyers purchasing a home in Brampton may withdraw up to $35,000 (tax-free) from their RRSP, and use it as a down payment or to cover other purchase-related costs. Spouses or partners can do the same, for a combined total of $70,000.