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...
While RRSPs are primarily used to save for retirement, if you are a first time home buyer you may withdraw funds from your RRSP to help with the down payment on a qualifying home through theHome Buyers' Planor to fund your education through theLifelong Learning Plan1. ...
To be eligible to open a FHSA, you need to be a Canadian resident, 18 years or older, and a first-time home buyer.[3]In the context of opening an FHSA, an individual is considered to be a first-time home buyer if at any time in the part of the calendar year before the account ...
I knew I was supposed to be investing but had no idea where, how or in what. I first read about the TD e-Series index funds in Andrew Hallam’s Millionaire Teacher. At the time, I thought that there was