RRSP Down Payment
Thursday, April 2nd, 2009The amount first-time buyers can withdraw from their RRSPs for a down payment has been increased from $20,000 to $25,000, the first major change to the RRSP homebuyers plan since it was introduced in 1992.
Residential real estate is a key sector of the economy, and these measures are intended to spur activity by getting people to spend both on purchases and upgrades
