Investing

RSP First time home buyer

  • Last Updated:
  • May 3rd, 2018 10:18 am
Deal Addict
Feb 7, 2008
1552 posts
145 upvotes
Toronto

RSP First time home buyer

Hi

My friend would like to purchase his first home this year.
He never own a property and he never made any RSP contribution.
If he make $25,000 RSP contribution this month and withdraw before Dec for closing, does he still get tax refund for $25,000 for the contribution he made this year while his $25,000 withdraw counts as first time home buyer?

thanks
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