HOME BUYER WITHDRAWAL PLAN FROM RRSP

The home buyer’s plan allows an individual to borrow up to 25000 dollars money previously contributed to an RRSP to acquire a home in Canada as principle residence. It must be paid back in an annual instalments over a 15 years period starting from second year following the withdrawal. If you have spouse or common-law partner, who will also own the principle residence spouse are also qualify to withdraw up to 25000 from their own RRSP.

Sahib Insurance advisors will help you to the process.