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Is this guide for you?1 f4 G: j0 U6 Z; i
Use this guide if you want information about the rules that
/ S: [5 {" E& y) O9 e9 rapply to the Home Buyers’ Plan (HBP).
) u# Q, d4 J9 WWhat is the HBP?5 {; ]* ?4 Q3 }
The HBP is a program that allows you to withdraw up- j' \9 C' z/ c- w( ?
to $20,000 from your registered retirement savings plans& _7 h- A, T% R1 a* \ L+ ]1 G) I
(RRSPs) to buy or build a qualifying home. However, the) J7 o6 J: @! l' P) v; o
program sets out certain conditions for participation. If an8 f) L' J: \% k- ?. H& `' \8 {. H, p
individual meets all the applicable HBP conditions, the
9 |& i/ r+ {& X- e6 Iwithdrawals will not have to be included in his or her; l7 O6 s. d# M' v1 G3 P/ O
income, and the RRSP issuer will not withhold tax on these
/ `; s/ t: c, d& |amounts. If you buy a qualifying home with your spouse or# W) Z; h% z5 S. n' _, U4 m
common-law partner, or with other individuals, each of
. N. V. s. }4 g9 ~you can withdraw up to $20,000.
7 k$ |; Z1 Q0 CUnder the HBP, you have to repay all withdrawals to your
7 }7 J, E& C3 W* _RRSPs within a 15-year period. Generally, you will have to- Q' h4 \, }( \0 f4 j- S& c
repay an amount to your RRSPs each year, starting the
, t. f3 H. d z3 f) j; t2 y$ ssecond year after the funds are withdrawn, until you have
% ^+ z9 Z' i4 Q% c- B8 Grepaid the total amount you withdrew. If you do not repay3 H2 N, K$ Z2 K4 ~/ _. h. v# h
the amount due for a year, it will have to be included in: Z" O& d# v* W* e& x2 Y
your income for that year. |
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发表于 2004-9-8 07:23
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