What Is the HBP? | RRSP Withdrawal for First-Time Buyers | Ridge Estate
What Is the HBP? | RRSP Withdrawal for First-Time Buyers | Ridge Estate
The Home Buyers’ Plan (HBP) is a long-standing Canadian program that lets first-time buyers use their RRSP savings to buy their first home—without penalty.
Here’s how it works:
- you can withdraw up to $60,000 from your
What Is the FHSA? | First-Time Buyer Tax-Free Savings | Ridge Estate
What Is the FHSA? | First-Time Buyer Tax-Free Savings | Ridge Estate
The FHSA—short for First Home Savings Account—is one of the most powerful tools first-time buyers in Canada have ever had.
It combines the best features of an RRSP and TFSA to help you save for your first home, faster and s
What Happens on Closing Day? | Ridge Estate Buyer Guide
What Happens on Closing Day? | Ridge Estate Buyer Guide
Closing day is the final stretch—and the moment your new home becomes truly yours.
Here’s what happens behind the scenes and what you should be ready for:
- your lawyer receives mortgage funds from your lender
- your lawyer pays the sell
