An RRSP is viewed as long-term investment, but it can come in handy for big purchases that you want to make right now, like a new house. You can get up to $50,000 tax-free by looking to the Home Buyers’ Plan (HBP), a Government…
There are new Liberal changes for the Home Buyer’s Plan in store, including expanding eligibility beyond first-time buyers. Here’s how the program is changing – and how it could impact your retirement savings.
The Home Buyers Plan allows first time buyers to pull up to $25,000 from their RRSPs for their home’s down payment. It’s an option that opens doors for buyers other wise shut out of the market – but are they worth the risk to your retirement plan?
Buying your first home is a big step. Check out our top 7 tips to give you a boost onto the property ladder and help you save money on your first home!