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Is this guide for you?
1 \! x4 N( W7 z0 C* ~Use this guide if you want information about the rules that
+ e S6 e0 _, lapply to the Home Buyers’ Plan (HBP).
* W, V" J1 `. e, G7 R& W/ L4 OWhat is the HBP?
* L5 d. J, R8 d, B% QThe HBP is a program that allows you to withdraw up
$ o) y; D# G6 C4 bto $20,000 from your registered retirement savings plans6 P8 f n, W5 l. f; ]
(RRSPs) to buy or build a qualifying home. However, the
+ A* i0 n4 W& K: a. eprogram sets out certain conditions for participation. If an
# C( }& G2 I/ I% R! X4 P2 dindividual meets all the applicable HBP conditions, the! }+ v2 K. m2 Z7 f
withdrawals will not have to be included in his or her- e1 t; l# Z4 s# C
income, and the RRSP issuer will not withhold tax on these2 C* T) }/ P$ Y
amounts. If you buy a qualifying home with your spouse or6 |0 s3 X' K/ \$ ]6 t; B1 O
common-law partner, or with other individuals, each of
3 F w( n5 p9 ?+ J( ~6 q$ pyou can withdraw up to $20,000.- h5 w: B5 ~% a) }
Under the HBP, you have to repay all withdrawals to your! R, X& G' N# {' M
RRSPs within a 15-year period. Generally, you will have to
- a2 ~9 g; t0 ~* b0 Q% B9 U0 yrepay an amount to your RRSPs each year, starting the
3 s5 d5 {+ k A/ I. S/ ysecond year after the funds are withdrawn, until you have0 d+ c8 d- O; }; k# c4 \) q& v0 e: x
repaid the total amount you withdrew. If you do not repay: ]6 |7 O% A& b; n
the amount due for a year, it will have to be included in
/ R3 v s2 I/ `& K* l0 Fyour income for that year. |
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发表于 2004-9-8 07:23
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