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Sabrina is house shopping and has theAlexa and Michael are first time home buyers that would like to participate in the RRSP HBP plan. Alexa

Sabrina is house shopping and has theAlexa and Michael are first time home buyers that would like to participate in the RRSP HBP plan. Alexa has a balance of $58,000 in her RRSP and Michael has an RRSP balance of $38,000. What is the combined maximum that the couple can withdraw from their RRSPs to use as a down payment under the HBP? following investment assets: RRSP $50,000 LIRA $45,000 TFSA $92,000 What is the maximum down payment available for Sabrina assuming she is a first time home buyer and does not want to pay any taxes on the withdrawals?

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