Sentences with phrase «time homeowners rrsp»
If you look back over the «National» Peaks and Valleys you'll find that the Government has been addicted to FIXING the problem with Inducements like: Mortgage rate subsidies Grants to First Time Homeowners RRSP plans, etc..
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The average homeowner receives $ 1,823 a year through programs such as tax - free capital gains on the sale of principal residences and the Home Buyers Plan that lets first - time buyers withdraw money from their RRSPs for downpayment.
If one of the objectives is saving for a home, up to $ 25,000 of your RRSP capital can be withdrawn under the Home Buyers Plan for first - time homeowners without attracting tax (but will need to be repaid over 15 years).