Real Estate

Has anyone using Great West Life for RRSP used the home buyers plan?

  • Last Updated:
  • May 5th, 2017 9:25 pm
[OP]
Sr. Member
May 14, 2010
983 posts
79 upvotes
Halifax

Has anyone using Great West Life for RRSP used the home buyers plan?

I'm wondering if anyone has used the home buyers plan to take money from their RRSP held by great west life.

I faxed in the request to withdraw and a few days later my RRSP balance dropped online but the money is not in my bank account yet. Its been 2 days so not sure if thats normal

Is there normally a delay between the two? If so how many days did it take to show up?

If anyone else that doesn't want to use GWL wants to chime that is welcome as well.
1 reply
Deal Addict
User avatar
Sep 1, 2013
1419 posts
321 upvotes
New Tecumseth, ON
They sent me a cheque in the mail when I did mine last year. Took about 5 business days after I dropped off the forms at their Toronto office.
Just because you can doesn't mean you should.

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