How Much Time You Need to Save $35,000 for Down Payment?
Under Home Buyer’s Plan (HBP) qualified buyer can withdraw up to $35k tax-free from their RRSP to put toward a home purchase.
Based on a study conducted by Zoocasa, it would take between 4.3-6 years to save $35000.00. The same study reveals based on median income one requires less time to save in Ottawa and more in Toronto.
Allow our trusted advisor to put a plan in place for your saving!! Call us at 1-888-514-7600 today.
For more: https://torontostoreys.com/save-35k-home-buyers-plan-toron…/