Amber and Rob each borrowed from their Registered Retirement Savings Plan (RRSP) under the Home Buyer’s Plan (HBP) for the down payment on the purchase of their first home. If Amber and Rob withdrew the maximum that is permitted under the HBP program, and have the minimum required as a down payment to be a conventional mortgage, what is the value of the home that they are looking to purchase

Answer rating: 100% (QA)

The Home Buyers Plan HBP in Canada allows individuals to withdraw up to a specified amount from thei... View the full answer