IF YOU BOUGHT YOUR FIRST HOME IN THE YEAR 2007 AND YOU WITHDREW MONEY FROM YOUR RRSP’S UNDER THE FIRST TIME HOME BUYER’S PLAN, YOU MUST START PAYING YOUR LOAN BACK TO YOURSELF NOW! This means you have to make an RRSP contribution by the RSP deadline this year (the end of February) of at least 1/15th of what you withdrew, or 1/15th of what you withdrew will be added to your income and you will be taxed on that amount.
January 20, 2010 | Good to Know
Search By Keywords
advertising Bosley buying community commuting condos cycling DIY Dovercourt Park Dufferin Grove economy environment financing food fun giving back Homes home value Interior Design Investing marketing MLS mortgage mortgages opinion Real Estate Law Real Estate Musings realtor renting sales selling sports stats Style & Design taxes The Annex The Annex Real Estate Market tips Toronto Toronto Condos Toronto Market Information Toronto Real Estate Toronto Real Estate Market toronto real estate news TTC