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20,000 maximum each ; The amount must be repaid to the RRSP within 15 years with a minimum annual payment of 1/15th of the amount withdrawn. If a repayment is not made for a given year the minimum repayment is included as taxable income for that year

shaoxingren(夏夜的星)

#You have to make your withdrawal request in the same year you wish to participate in the Home Buyers Plan
#You cannot have previously participated in the plan in previous years.
#You have to be a resident of Canada
#You have to enter into a written agreement to buy or build a qualifying home
#You can withdraw a total of $20,000. Multiple withdrawals are allowed. Each of you and your Spouse can participate in the Plan and withdraw $20,000 from your own RRSPs.
#You have to be considered a First Time Home Buyer

(#4366212@0)
Last Updated: 2008-3-31
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枫下家园 / 美丽家居 / as a 1st-time home-buyer,how much i can borrow from my rrsp? -homebuyer1(homebuyer); 2008-3-31 (#4366185@0)

and what's the time frame that i have to reimburse the amount -homebuyer1(homebuyer); 2008-3-31 (#4366188@0)
20,000 maximum each ; The amount must be repaid to the RRSP within 15 years with a minimum annual payment of 1/15th of the amount withdrawn. If a repayment is not made for a given year the minimum repayment is included as taxable income for that year -shaoxingren(夏夜的星); 2008-3-31 {519} (#4366212@0)
#You have to make your withdrawal request in the same year you wish to participate in the Home Buyers Plan
#You cannot have previously participated in the plan in previous years.
#You have to be a resident of Canada
#You have to enter into a written agreement to buy or build a qualifying home
#You can withdraw a total of $20,000. Multiple withdrawals are allowed. Each of you and your Spouse can participate in the Plan and withdraw $20,000 from your own RRSPs.
#You have to be considered a First Time Home Buyer

@Montreal

20,000 maximum each ; The amount must be repaid to the RRSP within 15 years with a minimum annual payment of 1/15th of the amount withdrawn. If a repayment is not made for a given year the minimum repayment is included as taxable income for that year

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