The Home Buyer's Plan allows you to borrow funds from your RRSP to purchase your first home. Here are some of the key facts: 3 ?# C W( J* C% \" l6 ] 3 H- d# }% e4 X( J) M& [: V0 K# i) V) c. B0 Q9 t
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You and your spouse can each borrow up to $20,000. & J H0 C J: iThe funds must have been on deposit at least 90 days before you withdrew them. 6 ?% n# T2 ~3 d" O
At least 1/15 of the funds must be repaid each year, beginning two years after the funds were withdrawn. 0 t) h% ^/ @8 B) _
A signed agreement to buy or build a qualifying home is required. # x/ @9 [; w, {% f
You can only participate in the program once.
原帖由 MORTGAGEWISE 于 2006-6-19 16:06 发表 7 l7 b: f Y+ N3 L+ pThe Home Buyer's Plan allows you to borrow funds from your RRSP to purchase your first home. Here are some of the key facts: * p7 e% J) A" n+ n" L) r! Z2 x
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( w) v3 R1 Y% i9 sYou and your spouse can each borrow up to $20,000. : y+ c$ t6 \; @# PThe funds m ...