Randy Selzer’s Real Estate Podcast

RRSP Withdrawal Limit Increase

May 9, 2019

The Canadian government allows first time buyers of real estate to withdraw money from their Registered Retirement Savings Plans, tax-free, to help with the down payment. The withdrawal amount was recently increased from $25K to $35K per person. We explain briefly how the system works, including the requirement to pay back the funds over a 15 year time frame. 

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