Frank Hanlon Sales Representative
IPro Realty Ltd. Brokerage
Toll Free: 1-877-306-IPRO(4776)
Government Increases RRSP withdrawal limit for first-time home buyers!!
In its 2009 budget, the federal government announced it would provide first-time home buyers with additional access to their RRSPs to purchase or build a home by increasing the withdrawal limit to $25,000 from the previous $20,000, under the Home Buyers' Plan (HBP).
If your plan includes a non-locked-in RRSP and you qualify as a first-time buyer, you might want to consider withdrawing money under this plan.
Other Criteria for the plan:
However, you should be aware of how such a withdrawal can impact your long-term savings.
We only collect personal information necessary to effectively market and sell the property of sellers, to assess, locate and qualify properties for buyers and to otherwise provide professional services to clients and customers. I/We do not sell, trade, transfer, rent or exchange your personal information with anyone.