Question:

I was wondering if I were to take money out of my RRSP and put towards the purchase of a home (I am a first time buyer) when it comes to paying back the money, can I transfer the money from my husband's RRSP into mine?

Answer:

I will have to pass on answering your question as it is outside the realm of my expertise. Your question should be directed to your accountant or to Revenue Canada. If you would like to check out the Home Buyers Plan publication on your own a good place to start is on the Government of Canada website.
Go to: www.ccra-adrc.gc.ca
Enter the site
Select: Forms and Publications
Select: All Publications by Number
Select: RC4135 Home Buyers Plan
Then select the format you want to view it in. If you don't find the answer there, then contact them directly.
Hope this helps
John Lozinski

Answered By: John Lozinski

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