mfmarcel
New Member
Hello readers, I have a question regarding the first-time home buyers withdrawal from your RRSP's. The situation is as follows; basically, I purchased a condo in Nov. 09' to be built in Spring 12', I am planning to put 20,000 into an RRSP fund before March and get help in my tax return, then withdraw the money when finalizing the mortgage, using the money towards a larger final downpayment. Well, I know I'm eligible in basic terms, but, what if I decided to rent the condo for the first years or so, Is there any minimum time period that I must live in it to be considered "eligible" for the tax free withdrawal? The way I see it is, regardless the amount of time spent; it still qualifies, am I correct? Thanks