Wednesday, December 13, 2017 15:09

Financial-Advisor-Video8

Q. How long do the funds have to stay in your RRSP account in order to use them for a down payment?

A.  The Government of Canada says that in order to receive the tax deduction for the RRSP deduction you have to wait 90 days before you can withdraw those funds so if you make a contribution on March the 1st you can’t withdraw those funds until July 1st.

Back