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Samuel and Samantha were married 3 years ago. Since then, they have been looking for a house and everything has been out of their price
Samuel and Samantha were married years ago. Since then, they have been looking for a house and everything has been out of their price range. They finally decided to buy a home that was affordable but that needs a lot of renovations. Both are quite handy and they are excited about moving forward. It is April and later this afternoon, they will be closing on the offer for this new home. Both are looking to withdraw from their respective Registered Retirement Savings Plan RRSP under the Home Buyer\'s Plan HBP Over the years Samantha has contributed $ to her RRSP while Samuel has contributed $ to his RRSP Samantha has invested wisely in mutual funds, as a result, as of today, the market value of her RRSP is $ while Samuel\'s has had a few losses in some of the stocks he invested in resulting in a market value of $ How much can they withdraw today from their RRSPs under the HBP to use as their downpayment? Hint: The withdrawal limit is $ per person $ per couple
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