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Thinking of buying a home? Contribute to your RRSP so you can borrow tax-free!

Blog Image, HBP, December 2018

If you’re planning to buy your first home anytime soon, you may be able to take advantage of a helpful federal government program. This enables you to withdraw money you’ve already contributed to your registered retirement savings plan (RRSP) and use it towards anything related to your home purchase, including your down payment, closing costs or real estate fees.

But, the key is that the funds must be in your account at least 90 days before you can withdraw them under the Home Buyers’ Plan (HBP).

You can withdraw up to $25,000 ($50,000 per couple) from your RRSPs tax- and interest-free to buy or build a qualifying home for yourself or a related person with a disability.

Continue reading “Thinking of buying a home? Contribute to your RRSP so you can borrow tax-free!”

Credit Card hangover? Make 2016 a painless year….

debt animationWe’re well into January… and right about now, some of us are avoiding the mail for fear of seeing those holiday bills!  Ok, so besides avoiding the mail, what’s the best way to tackle those debts?

Here’s some helpful ‘did you know’ questions…  Enjoy! Continue reading “Credit Card hangover? Make 2016 a painless year….”

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