financial marketing test 2

Which individual is eligible to participate in the Home Buyers' Plan (HBP)? a) Bob is married to Carol. Bob has never owned his own home. The couple lives in the house that Carol purchased several years prior to her marriage to Bob. They intend to sell their current home and move into a new house in which Bob will have 100% ownership. Bob plans to withdraw $25,000 under the HBP to complete the purchase. b) Andrew purchased a new home three years ago and took advantage of the HBP to complete the purchase. Last year, he made a $20,000HBP repayment to eliminate his HBP balance. Later this year, Andrew would like to sell his current house and purchase a new and more expensive property. At that time, he intends to use the HBP again to help with the downpayment. c) Robert and Victor are common-law partners who are residents of the United States. Robert is a Canadian citizen who still has his RRSP with a Canadianbased bank. While on vacation, the couple was so taken by British Columbia