That you can use your RRSP to become the owner
of your dreamhouse?
There are ways you can use the money from your RRSP to help you acquire a property. For example, first time home buyers, the Home Buyers Plan (HBP) allows someone to withdraw a certain amount of RRSPs, up to $25,000, tax free. You will have to gradually reimbourse your RRSP during the 15 years following the withdrawal. The federal government considers "first time buyers" one or more individuals who have not owned a house for at least five years (including the current year).
Here is some other important facts you should know.
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