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RRSP Home Buyers Plan

RRSP Home Buyers’ Plan at Whalen Mortgages Red Deer The RRSP Home Buyers’ Plan (HBP) from Whalen Mortgages Red Deer allows you to withdraw up to $35,000 from your RRSP to put towards your home purchase without paying taxes on the withdrawal. This option helps you: Access Savings: Use your RRSP funds to cover part of your home’s down payment. Tax Benefits: Withdraw funds tax-free if repaid within 15 years. Boost Buying Power: Increase your down payment to reduce your mortgage amount. Our team will assist you in utilizing this plan effectively to achieve your homeownership goals. Contact us at 587-315-3525 or apply online to learn more! https://reddeermortgages.ca/mortgage-solutions/rrsp-home-buyers-plan/

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