Canada Home Buyers' Plan (HBP): Borrow from Your RRSP
The Home Buyers' Plan (HBP) is a program that allows Canadian residents to borrow up to $25,000 from their Registered Retirement Savings Plan (RRSP) for the purpose of purchasing or building a home. The money is tax free as long as it is used towards the purchase or building of a new home. The borrower must be a first-time home buyer or disabled to be eligible for the Home Buyers' Plan program. Also, the new home must be intended as the borrower's principal place of residence. The borrower has 15 years to repay the amount that was withdrawn from the retirement savings plan.
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Selling Your Home During COVID-19: 12 Unexpected Lessons Learned
In February, my husband and I purchased a plot of land to build a dream home. All that was left to do before we could get started on construction was to sell our existing house. We liste
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Cultural Factors Linked to Lower Mortgage Default Rates: StudyPeople from cultural backgrounds where getting financial assistance from families is the norm are less likely to default on their mortgages, new ...
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First-Time Home Buyer's Guide: A 9-Step ProcessOwning a home comes with responsibility, but also countless benefits. You no longer have to deal with a landlord, noisy roommates, or shared walls. You can enjoy your private space and wh...