Tax-free withdrawals from an RRSP for the HBP or LLP represent lost contribution room in the future.

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Tax-free withdrawals from an RRSP for the HBP or LLP

represent lost contribution room in the future.

can be paid back to a spousal account instead of the account they were withdrawn from.

do not affect the compounding of your investments inside the RRSP.

must be paid back on schedule or added to your taxable income.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Dec 21, 2023 01:15 AM

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Tax-free withdrawals from an RRSP for the HBP or LLP represent lost contribution room in the future.

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Income Tax Fundamentals 2013

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