Personal Finance

RRSP tax rebate and home buyer's plan

  • Last Updated:
  • Apr 29th, 2012 6:41 am
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Newbie
Feb 5, 2007
7 posts

RRSP tax rebate and home buyer's plan

Hi,

I am looking to buy a house at the end of this year. I am a first time homebuyer and have 10k in my rrsp and therefore still have 15k contribution room for the home buyer's plan. If I put another 15k in my rrsp right now and withdraw a total of 25k from my rrsp when I buy a home in november of this year, will I get the rrsp tax rebate for 15k in 2013 for the 2012 tax year?

Thanks! :D
2 replies
Jr. Member
Aug 13, 2007
198 posts
18 upvotes
Montreal
make sure you also have enough contribution room for the 15K and that it won't lower your income too much to be worth it...

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