Post by firekity;2805940
I bought house in 2008 using RRSp. In my Notice of Assessment of 2009, it tells me how much I should pay back for RRSP next year.
So when I buy RRSp for 2010, I have to tell the bank how much is RRSP for 2010, and how much is my payback for the RRSP I have used for the house purchase.
It is one year after you buy the house, you have to start to pay back the rrsp, and you have 15 years to pay back.
I hope it helps.
I bought house in 2008 using RRSp. In my Notice of Assessment of 2009, it tells me how much I should pay back for RRSP next year.
So when I buy RRSp for 2010, I have to tell the bank how much is RRSP for 2010, and how much is my payback for the RRSP I have used for the house purchase.
It is one year after you buy the house, you have to start to pay back the rrsp, and you have 15 years to pay back.
I hope it helps.