Real Estate

Can I use RRSP to Buy a rental property?

  • Last Updated:
  • Jan 23rd, 2021 11:54 am
[OP]
Newbie
Jan 18, 2021
2 posts
1 upvote

Can I use RRSP to Buy a rental property?

Hi Folks!

Can I use my RRSP as a FTHB to buy a property and rent it out?

Thanks
2 replies
Deal Addict
Apr 4, 2017
1376 posts
377 upvotes
Toronto
Good question I have like 50k in rrsp and wish I had money with me.
Deal Addict
Feb 19, 2019
1031 posts
1387 upvotes
Stouffville ON
Here is one of the requirements as per cra.

You must intend to occupy the qualifying home as your principal place of residence within one year after buying or building it. If you buy or build a qualifying home for a related person with a disability, or help a related person with a disability to buy or build a qualifying home, you must intend that that person occupies the qualifying home as his or her principal place of residence
Full Time and Full Service Realtor

Top