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Updated about 4 years ago,

User Stats

34
Posts
12
Votes
Cameron Chambers
  • Specialist
  • Brampton, ON
12
Votes |
34
Posts

TFSA OR RSP for Saving

Cameron Chambers
  • Specialist
  • Brampton, ON
Posted

I’m planning on putting my first down payment in my first house/condo next year, where should I save my money in the mean time?

Can’t an RSP give you the ability to take out money for a first home buyer tax free? And also to put a down payment at 5% (as long as it isn’t over $500k or something)

Any info would really help, THANK YOU

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