Purchase a home with 0% down payment in Canada? Is this legal?!

Описание: How to Use an RRSP Loan for Your Down Payment (Without Breaking CRA Rules)

Most first-time buyers think their down payment has to come from savings or a family gift—but there’s a lesser-known, CRA-approved strategy that lets you boost your down payment using your RRSP.

In this video, we break down the RRSP Loan + Home Buyers’ Plan approach step-by-step:

🔹 Take out a short-term RRSP loan
🔹 Contribute it to your RRSP
🔹 Wait 90 days
🔹 Withdraw up to $60,000 tax-free (per person!)
🔹 Repay yourself over 15 years

✅ Not a borrowed down payment (like flex-down)
✅ CRA-approved
✅ May even result in a tax refund
✅ Helps improve mortgage approval in some cases

This strategy isn’t right for everyone—it takes careful planning and the right loan structure—but when used correctly, it can help you get into your home sooner.

📲 Book a free consultation to see if it’s a fit for you: https://redkeymortgage.ccom


#RRSPStrategy #FirstTimeHomeBuyer #HomeBuyersPlan #MortgageTips #RedKeyMortgage #MortgageBrokerCalgary #RRSPloan #DownPaymentHelp

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