No Limit Tax-Free RRSP Withdrawal

Your RRSP is your money, and a first home is a major investment in your future and your community. To help make home ownership a more achievable goal, Peter MacKay will remove the limit on how much money you can withdraw from your RRSP to buy your first home. He will also remove the requirement to pay it back.

Saving for a home through your RRSP means you won’t pay tax on any income that goes into your RRSP as you save, and you won’t pay any tax on the withdrawal to buy your first home.

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