(778) 668-9320 scott.dawson@verico.ca

Many first-time home buyers use all or a portion of their RRSP savings to help with a down payment when purchasing a property. With the Canadian Governments Home Buyers’ Plan, you can use up to $25,000 in RRSP savings ($50,000 for a couple) for a down payment on your first home. You then have 15 years to repay your RRSP.

If you have any questions about using your RRSP for a down payment, please feel free to contact me by any of the methods below:

Phone: (778) 668-9320
Email: scott.dawson@verico.ca
Twitter: @sdd