RRSP & Home Buyer Plan - 90 Day RRSP Wait prior to withdrawal question
Say you have $25k in RRSP funds already (in stocks) which is over 90 days old. Can you add an additional $25k (in cash) and use the amount immediately to purchase your first home? Or does the cash need to be there for 90 days?
One way around it I guess would be to sell the stocks, use the cash generated from stock sales to purchase the home, and re-purchase the stocks using your new cash. Downside I see to this though are the stock transaction fees.