Tuesday, 22 February 2005

Home Buyers' Plan

The Home Buyers' Plan helps you out if you are buying a home for the first time. You can take money out of your RRSP (tax shelter) and then repay it over the next 15 years. Interesting. Just one thing, when did I get so old that I'm interested in things like tax shelters, RRSP's, and buying a home? *sigh*

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4 comments:

  1. Ryan22 February 2005 at 13:15

    My brother did this and if I remember correctly he said you're only allowed to do it once! So make it count.

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  2. Jim22 February 2005 at 22:05

    Ya, it's only for "first time buyers". I don't think that you could use it once for a husband, once for a wife. They've got to be smarter than that.

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  3. peter bernier28 February 2005 at 20:16

    yeah, another sign that you're getting on in years is when you stay up til 2am talking about RRSPs and financial planning with your friends based on a conversation that started with "So what did you do today?"

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  4. Jim1 March 2005 at 09:16

    hahahaha....

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