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Friday, January 30, 2015
Q: I want to buy a house with money from my RRSP but I used my Home Buyers’ Plan 17 years ago. How can I find out if I qualify before I withdraw money from my RRSP? A: you can have a second “first time.” Even if you previously participated in the Home Buyers’ Plan (HBP), you may be eligible to do so again, if your balance is zero and you meet all the other HBP conditions.
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Q: I want to buy a house with money from my RRSP but I used my Home Buyers’ Plan 17 years ago. How can I find out if I qualify before I withdraw money from my RRSP? A: you can have a second “first time.” Even if you previously participated in the Home Buyers’ Plan (HBP), you may be eligible to do so again, if your balance is zero and you meet all the other HBP conditions.
