First Time Regina Home Buyers & RRSPs
Purchasing Your first Home? RRSPs Can Help!
Did you know that, as a first time homebuyer there is a federal program in place to assist you with the purchase of your first home?
Under the Canadian federal government's Home Buyer's Plan, you can use up to $20,000 in RRSP savings ($40,000 per couple) to help finance the down payment on your first home. The great news is that you actually have 15 years to pay back your RRSPs penalty free. This timeframe will give you plenty of time to get settled into your new home.
To qualify, your RRSP funds must be deposited for at least 90 days prior to the purchase of your new home. By working with a qualified agent like myself, I will help ensure that the required…