HBP - Closing Jan 11... can I withdraw now?
https://questrade-support.secure.force. ... ers%20Plan
Questrade says "same calendar year." Same calendar year as what? Closing? I want to withdraw now, in 2020, for a closing in 2021, which is next calendar year. Is that ok?
I can't find that rule anywhere on the CRA website.
With a Jan 11 closing, and Questrade being very slow to respond to requests, I don't want to wait until Jan 4 (First business day of 2021) to make the withdrawal request.
My last withdrawal request was from my TFSA on Nov 24, and the money wasn't in my bank account until Dec 1. With a HBP plan withdraw being more complex, I'm worried it will take even longer.
Options?
I might be able to swing it without the RRSP money if I withdraw from line of credit and borrow from relatives, so I won't lose the house. But I don't want to do that if I can avoid it by withdrawing now.
TIA.
Questrade says "same calendar year." Same calendar year as what? Closing? I want to withdraw now, in 2020, for a closing in 2021, which is next calendar year. Is that ok?
I can't find that rule anywhere on the CRA website.
With a Jan 11 closing, and Questrade being very slow to respond to requests, I don't want to wait until Jan 4 (First business day of 2021) to make the withdrawal request.
My last withdrawal request was from my TFSA on Nov 24, and the money wasn't in my bank account until Dec 1. With a HBP plan withdraw being more complex, I'm worried it will take even longer.
Options?
I might be able to swing it without the RRSP money if I withdraw from line of credit and borrow from relatives, so I won't lose the house. But I don't want to do that if I can avoid it by withdrawing now.
TIA.
