Randy Selzer's Real Estate Podcast
RRSP Withdrawal Limit Increase
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:02:22
- More information
Informações:
Synopsis
The Canadian government allows first time buyers of real estate to withdraw money from their Registered Retirement Savings Plans, tax-free, to help with the down payment. The withdrawal amount was recently increased from $25K to $35K per person. We explain briefly how the system works, including the requirement to pay back the funds over a 15 year time frame.