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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To determine the combined maximum that Alexa and Michael can withdraw from their RRSP... View the full answer