house-home

The Conservatives would let first-time buyers take $35,000 from their RRSPs to pay for homes if they’re re-elected.

Under the Home Buyers’ Plan, new buyers can currently take $25,000 from their registered retirement plans, tax free, to purchase their starter homes. Owners must pay the money back within 15 years of the withdrawal.

Read: Should clients use mortgage insurance calculators?

The Conservatives say skyrocketing home prices in cities such as Toronto and Vancouver are making the increase necessary.

If re-elected, a Conservative government would also collect data on how foreign investors are impacting the Canadian housing market.

Also read:

Federal leaders debate whether Canada is in recession

Harper promises to make home-renovation tax credit permanent

Originally published on Advisor.ca
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MonctonOne

Why would you use the word “Improve” in your headline when people like Rob Carrick and others would strongly disagree that such would be an improvement?

Friday, August 14 @ 7:15 am //////

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