Using RRSP's for Down Payment as a First Time Homebuyer

Did you know, As a first-time homebuyer, if you are purchase a property you plan on living in, you can use your RRSP's under the Home Buyers' Plan to contribute, then withdraw up to $35,000 towards a down payment.

If you contribute by the end of February, you will get your refund this year, and after 90 days you can pull out the funds you contributed for your down payment.

So if you have room in your RRSP, and you’re going to buy later this year, why not get a tax refund.

𝐋𝐚𝐲𝐧𝐞 𝐖𝐚𝐥𝐭𝐞𝐫𝐬 𝐢𝐬 𝐚𝐧 𝐢𝐧𝐯𝐞𝐬𝐭𝐨𝐫-𝐟𝐨𝐜𝐮𝐬𝐞𝐝 𝐦𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐛𝐫𝐨𝐤𝐞𝐫 𝐰𝐢𝐭𝐡 𝐀𝐱𝐢𝐨𝐦 𝐌𝐨𝐫𝐭𝐠𝐚𝐠𝐞 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬.

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Видео Using RRSP's for Down Payment as a First Time Homebuyer канала Calgary Real Estate Investor Hub