17: TFSA vs. RRSP
Money Feels
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First-Time Home Buyers Plan
The RSP is usually a little bit more accurate on the CRA because you only update that number essentially once a year when you file your income taxes. Under the first-time home buyers plan, you can take out up to $35,000 from your RSP. And then you can use it towards a down payment on your first home. To do this, you actually have to be buying the home. You can't just take it out when you're going house shopping. So yeah, I guess just be extremely careful. Do the math on your own as well. That's never, it never hurts.
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