Quote:
Originally Posted by albertGQ
Then you're allowed to take up to $25,000 ($50,000 for a couple) for your DP. Repayable over a 15 year window with a grace period of two years, interest free.
No withholding tax
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You can utilize your RRSPs with no withholding tax and you cut down or eliminate the CHMC fee.
All first homeowners with RRSPs should utilize this IMO.