Question
Which of the following is true about the Home Buyers' Plan? It's a government program allowing first time home buyers to withdraw up to $25,000
Which of the following is true about the Home Buyers' Plan?
It's a government program allowing first time home buyers to withdraw up to $25,000 each from their RRSPs tax free as long as it is paid back within 15 years.
B.It's a government program that enables first-time homeowners with less than 5 percent down payment to purchase a home using CMHC insurance.
C. It's a government program exempting first time Canadian home buyers living in certain provinces from land transfer tax.
D.It's a government program allowing first time home buyers to withdraw up to
$20,000 each from their RRSPs tax-free as long as it is paid back within 10 years.
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