You can use the funds in your RRSP to buy property through the Home Buyers' Plan (HBP). The HBP allows you to withdraw up to $ 35,000 per borrower from your RRSP to fund your down payment and repay it later.
To benefit from HBP, you must:
Tip!
Don’t have an RRSP? The RRSP loan or line of credit could allow you to take advantage of the HBP *.
*Subject to credit approval by National Bank. Please consult your accountant, tax specialist or other tax planners to validate the applicability and the value of this strategy.
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