Home Buyers Plan repayment grace period

Home Buyers Plan repayment grace period

Homeowners who have made a withdrawal from their registered retirement savings plan(RRSP)in between January 2022 to December 2025 you will get a grace period to pay back the loan (RRSP repayment) after 5 years instead of 2 years.

For example, If you made a withdrawal in 2022 repayment is starting from 2027, instead of 2024.

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