Wednesday, December 13, 2017 15:10

Financial-Advisor-Video5

Q. When can you withdraw the funds from your RRSP Account?

A. Once you’ve completed the purchase agreement you can withdraw the funds up to your point of closing and occupation and up to 30 days after that. The time horizon of the original purchase and occupation of the home cannot be more than 1 year. Generally people withdraw the funds 30, 60, 90 days before they actually occupy the home and not more than 30 days after you occupy the home.

Back