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Is this guide for you?( D ^+ [0 y; `# R8 H
Use this guide if you want information about the rules that' f4 y+ j& t4 r, I
apply to the Home Buyers’ Plan (HBP).
6 H y! c5 y" M* ^What is the HBP?' B2 C+ {; }9 e* @7 o( P" b
The HBP is a program that allows you to withdraw up; G) a) h+ F& r
to $20,000 from your registered retirement savings plans3 I! x, F6 h; S0 t
(RRSPs) to buy or build a qualifying home. However, the
% P5 r! i( K, o j/ ?2 U# aprogram sets out certain conditions for participation. If an
% d* i& B+ A$ W$ u8 y* T( {individual meets all the applicable HBP conditions, the @2 T7 b+ e8 }' J$ g- e, Y7 D
withdrawals will not have to be included in his or her1 z" { [+ S% ]4 l. W
income, and the RRSP issuer will not withhold tax on these$ l& e+ ]5 q) y. E& p4 c. J& l4 G# N, u, p
amounts. If you buy a qualifying home with your spouse or
( G2 F9 y/ r1 D" b$ X* b! m0 ecommon-law partner, or with other individuals, each of
5 G. A3 m, `2 ?& wyou can withdraw up to $20,000.
/ d6 I( ^' ~! G( V% }4 hUnder the HBP, you have to repay all withdrawals to your
: U$ Z4 p* U; z. Z9 c; n, j$ f! jRRSPs within a 15-year period. Generally, you will have to
( E* y0 P5 `4 |) l+ n7 srepay an amount to your RRSPs each year, starting the
/ v: u: W, y+ L1 Psecond year after the funds are withdrawn, until you have
& r: [; J1 i0 v# Q0 A3 k9 }9 Nrepaid the total amount you withdrew. If you do not repay1 H# H" `# x0 ^# m7 j! p& m9 a5 F
the amount due for a year, it will have to be included in# V# E: u+ v; I+ @0 L
your income for that year. |
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发表于 2004-9-8 07:23
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