Withdrawing RRSP For Place
Hi
I have some RRSP that I want to use as my downpayment, I have the forms ready to go but I am wondering how long does it take to process it? I gotten 2 different answers. One bank when I came to do it said I should wait till 2 weeks before completion to maximize the interest I earn but needs to be done before completion and the second told me I can withdraw 6 months before completion and 1 month after completion.
So what is it now?
I have some RRSP that I want to use as my downpayment, I have the forms ready to go but I am wondering how long does it take to process it? I gotten 2 different answers. One bank when I came to do it said I should wait till 2 weeks before completion to maximize the interest I earn but needs to be done before completion and the second told me I can withdraw 6 months before completion and 1 month after completion.
So what is it now?