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.

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