Which of the following statements with respect to the Home Buyers' Plan (HBP) is NOT...
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Accounting
Which of the following statements with respect to the Home Buyers' Plan (HBP) is NOT correct?
All amounts withdrawn must be repaid within 10 years of the year of withdrawal.
Amounts withdrawn must be used to acquire a dwelling by October 1 of the year following withdrawal.
In the year an individual departs from Canada, any outstanding HBP balance must be repaid by the due date for his tax return for the year of departure.
the maximum rrsp withdrawal is 25000 per individual
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