First Time Home Buyers Plan & RRSPs

Wednesday Feb 20th, 2019

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With the rising cost of housing and tougher lending rules, first-time Canadian homebuyers haven’t had it easy edging into today’s market. Fortunately, there are a number of programs offered by the government to help homeowner hopefuls get a leg-up — including drawing from your retirement plan to buy your first home. The Home Buyers’ Plan (HBP) is a government program that allows eligible first-time homebuyers to withdraw up to $25,000 tax-free out of their registered... [read more]

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