Belcourt Montreal

Telephone
(514) 344-1300

Facsimile
(514) 344-2299

Home Buyers Plan allows first time, Canadian resident buyers to withdraw up to a maximum of $20,000 from their registered retirement savings plan ("RRSP") when it is to be applied to the purchase of a qualifying home that is intended to be one’s principle place of residence.

What determines you as a first-time buyer?
If, at any time during the period beginning January 1, 1995 and ending 31 days before you withdraw an amount from your RRSP under the Home Buyers Plan in 1999, you did not own the home you occupied as your principle place of residence, you are considered a first-time buyer. For further details on the Home Buyers Plan contact Revenue Canada for 1998 participant regulations.