Posts Tagged ‘home buyer’s plan’

How to Use the Home Buyers Plan

How to Use the Home Buyers Plan

The Canadian Home Buyers Plan is a way to borrow from your RRSP in order to come up with a down payment for your first home.  Having bought my first home recently, I found the home buyers plan information on the Canada Revenue Agency website a bit difficult to understand (must be all that government…

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HBP: Home Buyers Plan and LLP: Lifelong Learning Plan

home buyers plan

This is another “bonus” for RRSP’s. I think I would definitely take advantage of it, if you have that much money saved up in your RRSP’s. The Home Buyers Plan The Canadian government recently up’d the amount from $20,000 withdrawal, to $25,000 this year (2009). The main catch is that you have to be a…

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