Licensed from: Financial Service Commission of Ontario
Using Your RRSPs to Increase Your Downpayment through the Home Buyers' Plan (HBP)
You don’t have enough cash to purchase the home you want? Instead of looking for a less expensive home or deferring your purchase until next year, take advantage of the Home Buyers’ Plan (HBP). The HBP allows you to withdraw up to $25,000 from your registered retirement savings plan (RRSP) to purchase your first home or a new home if you have not been a homeowner for at least five years.
If you and your spouse are eligible for the HBP, you can withdraw up to $50,000 in cash
"I would gladly recommend Life Insurance Advisors to my friends or anyone who might be interested in buying life insurance. Mike personally handled my account and was especially responsive to my needs. I was equally impressed with the low cost of my insurance policy." - Alexander & Mary, Peterborough ON
"Your service and assistance in obtaining my life insurance policy has been outstanding in every aspect." "Job well done!! Will definitely recommend! Shaun & Tanya, Etobicoke ON
"AJ was very helpful and non-pressuring. I called him for quotes and after sending them to me, he didn't keep calling every other day to see if I would buy. AJ allowed me a lot of time to make my decision. When I did have questions, he returned my calls promptly and was very helpful. I enjoyed working with AJ on this matter." - Noel & Usha, London ON