|
613 - 826 - 3828
|
| Mortgages & Financing - RRSP's |
Should you use your RRSP's to Purchase a New Home?
Registered Retirement Savings Plans (RRSP) were created to encourage Canadians to save money for their retirement. In 1992, the government hoped to stimulate housing sales with the creation of the Home Buyers' Plan. The plan allows qualified homebuyers to use up to $20,000 each from their RRSPs to purchase a home. In effect, people are borrowing tax-sheltered money from themselves. The questions many people have are what are the requirements of the plan and what impacts will the loan have on retirement savings. [ read more ]
Federal Government Extended the RRSP Home Buyers Plan
The recently announced federal budget has introduced modifications to the Home Buyers Plan which allows more flexible use of registered savings - including the purchases of homes built for those with disabilities. [ read more ]
Return to: Mortgages & Financing
Please note: when using Modern Living's forms
please fill out all REQUIRED FIELDS,
or the form will not work. Thank you.
Modern Living has answers to your questions and more professional tips to make your real estate transaction more pleasurable.
Call or e-mail Modern Living or click on "Ask Your Own Questions."
Modern Living can send you information on any Property Listed For Sale on the Multiple Listing Service in the Ottawa area. If you would like us to help you locate a home, please fill out our Information Request Form.
Or perhaps you are considering selling your home in the near future, we can also offer you a Complimentary No Obligation Market Evaluation Form
|
© 2009/10 - Modern Living Realty Inc., Brokerage
Designed and maintained by:
John Smillie / Lasting Impressions
|
|
 |
