Posts Tagged ‘RRSP’

RRSP Down Payment

Thursday, April 2nd, 2009

The 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

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