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SAMARY MORTGAGES

  • The Home Buyer Plan (HBP) allows you to withdraw up to $35,000, tax–free, from your Registered Retirement Savings Plan (RRSP).
  • It can be used only to buy or build a qualifying home.
  • After the 2 year grace period, you’ll have a maximum of 15 years to repay the full amount back into your RRSP.
  • This is only for;
    • First time home buyers
    • Residents or Citizens of Canada
    • Owner occupied homes