Currently in the process of trying to find a house to purchase.
I have about 50K saved up in the bank currently to use for the downpayment.
Is there any advantage to deposit this into an RRSP and then take it out under the HBP when I do find a house?Yes I know I have to leave it in there for 90 days.
Just trying to find out what advantage there is to put it into RRSP or just leave it in the bank for now and take out when I purchase house.
Thanks in advance
I have about 50K saved up in the bank currently to use for the downpayment.
Is there any advantage to deposit this into an RRSP and then take it out under the HBP when I do find a house?Yes I know I have to leave it in there for 90 days.
Just trying to find out what advantage there is to put it into RRSP or just leave it in the bank for now and take out when I purchase house.
Thanks in advance