Why the Home Buyers' Pan should be eliminated
December 23, 2015 | Posted by: Natalie Wellings
In this article, Rob Carrick from the Globe and Mail explains why he believes the federal government should eliminate the Home Buyers' Plan (the plan allows first time home buyers to withdraw up to $25,000 from their RSP's to purchase their first home).
While elimination of this popular program would create havoc and certain backlash for the current government, Rob does make some valid points in his article. When considering making a withdrawal from your RSP's to purchase your first home it's important to discuss with a qualified and trusted financial planner the merits of robbing Peter to pay Paul...