A TFSA is similar to other registered plans, such as a registered retirement savings plan (RRSP). The main difference with a TFSA is that although you don’t get a tax break when you contribute, you would not pay any capital gains tax to the Canada Revenue Agency (CRA) when money is ...
If you are a resident of Canada with an RRSP and are planning to purchase your first home to use as your principal residence, you can withdraw up to $35,000 from your RRSP tax-free, subject to eligibility and conditions. Your RRSP withdrawal under the RSP Home Buyers' Plan (HBP) can ...
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