1 / 3

Do You EVER Have To Pay Back The RRSP under HBP ? - Mortgage Delivery Guy

YES, you have to pay the rrsp withdrawn under the home buyers plan as a first time homebuyer.Ass per the plan all first time home buyers should start paying the rrsp loan back from year two onwards. In general 1/15th of the borrowed rrsp funds under home buyers plan should be paid off every year. Any unpaid amount will be taxed in year 15.

Paramjit1
Download Presentation

Do You EVER Have To Pay Back The RRSP under HBP ? - Mortgage Delivery Guy

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Do You EVER Have To Pay Back The RRSP under HBP ? Feel Free To Call US 1-800-808-1613 Landline 416-848-0469 www.mortgagedeliveryguy.ca

  2. Do You EVER Have To Pay Back The RRSP under HBP ? YES, you have to pay the rrsp withdrawn under the home buyers plan as a first time home buyer. As per the plan all first time home buyers should start paying the rrsp loan back from year two onwards. In general 1/15th of the borrowed rrsp funds under home buyers plan should be paid off every year. Any unpaid amount will be taxed in year 15. www.mortgagedeliveryguy.ca

  3. Do You EVER Have To Pay Back The RRSP under HBP ? THANK YOU www.mortgagedeliveryguy.ca

More Related