这时可以拿来买房的首付就变成了$58,533($35,000+23,500)。 最差的情况就是既没有在FHSA期限内用掉,又没有转到RRSP,全额资金按现金取出,被收税40%,到手只有$44,500。 综上所述,是否进行税务规划可能会导致结果上显著的差异,这都是在实务中要注意考虑,提前规划的问题。
For those who qualify, there’s the option of using RRSPs for your deposit. As explained by the Royal Bank, “Under the federal government’s Home Buyer’s Plan, first-time home buyers are eligible to use up to $35,000 in RRSP savings per person ($70,000 for couples) for a down ...
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An FHSA combines some of the features of an RRSP and a TFSA. Like an RRSP, contributions are generally tax-deductible. Similar to TFSA withdrawals, when a qualifying withdrawal is made from an FHSA to purchase a qualifying home, the amount withdrawn, including any income or gain, is not ta...
Start saving for your first home, tax-free. Whether you’re looking for support or you’d prefer self-directed investing, we have options for you. How the FHSA helps first-time homebuyers Explore some of the benefits of the FHSA and how it compares to the RRSP Home Buyers’ Plan. ...
RRSP(Home Buyer's Plan) Helps you save forYour first homeRetirement EligibilityFirst time home buyers18-71 years old Annual contribution limit$8,000 (up to a max of $40,000)18% of previous year's income, up to $31,560 Tax impact on contributionsDeducted from taxable incomeDeducted from ...
Can I use both the FHSA and the RRSP Home Buyer’s Plan? One benefit is that you don’t have to choose just one way to save. When you’re ready to buy a qualifying first home, you can use money withdrawn from your RRSP under the Home Buyers’ Plan (the HBP) and from your FHSA...
The FHSA could be more advantageous than the Home Buyers’ Plan, which allows you to use up to $35,000 of your RRSP savings for a first home purchase. Unlike the HBP, the FHSA doesn’t require you to repay the amount withdrawn, and the FHSA’s contribution limit is higher. There is...
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The funds transferred to an RRSP or RRIF will be taxed upon withdrawal. You must be a first-time homebuyer and a resident of Canada at the time of the withdrawal for the acquisition of your qualifying home. A "qualifying home" is defined as a housing unit located in Canada. It also in...