• 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
  • Contact Samary, your trusted mortgage agent to discuss the actual benefits and the economy in your specific situation