Ontario Community Newspapers

Canadian Champion (Milton, ON), 2 Feb 1994, p. 20

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advýantage of thë MRP Home *Buyers-' Plan, IVI you're Ibiking of, tuytng a borne, b«l lack <he tfe W fodirquhmed dowa pey- Men yen0= DM te consider Mklng ai- * Ivamtap of lb. RRSP 11& Ba@yms' Flm. Receny extedd by dis oiral govea- Met for m a*d"a yen, the pou das bom buyoi to widiêa ms mm*i a $20.000 t " diter.steed Retirem SaLvins Pla (RRSP" to purcbhusr baud a Illeicbeauy of Oùqgo" pil s m no incSintua is deéwwo bons *bm fema long a dey're repsid to m lISM o- ton!o "e ti.ovoent', repaytft Wb>- dole. floti firt-dime hom buyan end sali- ing booownen con pute4mUa iu 1$PM. kùm tune -- Snwft 11*éi auIo mkww* j q ne. obpdu in WM noma aul. Iod~ ba& ,e lem m-t LVWiY horns on S.uuivUa 4 will e qWdte cpkM o pibe m.eorne. main fIooe fandy mideowlehmfmýemedm m aM firepime amd al out te dock- 2 car garage. rad UU1400 (S0)187B0.1237 vo uaaa JOYCE SC0T Mn î 7- 2f To take aivanug of the plan, YOD maui "U into m Il ona« te, boy or build a qsalf'Ng borne aMd Wllh*a fonds kom y01W RRSP befoe Mabh 1994. -Alter enloeng dms aaguMM, Yom mmis complete a Home Buyue' Wkhcfrad Ap- pication ficm avaibbie ftn Revenue C-çdâ. Oc you'vc complsud lb. tomu y00 sboold subicih il to yurRSP issuar <bath, crui un i& li naisance company buist conqiaayor blok«rqoln). Once approved. di. fois givea >00 per- missio te witluka fi"d trnm >0 RRSP wtdlout any tame belg wkUbeld. You cao mile contribudoua to tht plan from mom dbm ou RRSP, as long as lb. $20.000 âuit * àsmoteaoasded However, if you bave a qsu. Ite b le asao htlglblo 0 cao each aitIdiais opt $2000 towaed the doan payment. for a total of $40.M0 A mal estât. profossonal cao provide yo. aith dMails on boa te, witbdraaYundi Rm youRRSP., Sincetdipiuposof tlisplalm toprovide acsu toe xisdn RRSP fui*, y00 cm col> aihmâs RRSP contributions made prior ooDeoen*oer2, l"92. « To bc pligible onder die planm. bonit b. locaied in Cm"ad and carnet be pre- vioualy oaned by yo-Wel dg yeur sNme. liM born y00 inteni te pwcb.sq mm alto be occupied as y001 pilcip place of meadeoce. and dme clousin of tbe deal must tale plac by SepUmnds 30.1994. * at exutlq and oewly bult bomnes are eligVble. Tb.> ildd detacbed or uemi-deace homcetowabose, ço@doàùIwns, obile- homesor quuaM la àduplex, triplex, fourplex. or ç«uMeu buIdings Sbares in co-operaive houing corporàkocs ae also eligible under dis plan. VUiften Yearly Inatah.e 11m mono> you widadraw znust be repaid in ai tcut 15 equai yearly insaslnnts te retain your tai-dakrred mmu. - If Yom chocle Iopay le.s "ia yots scbeduled anueal paymnls. dt amnts lI you dont repay nmst be reporihd as lacer oni y001 tai eetum for dmt yen. Youi RtSP paymena hav to be mais on or before DecemIn 31 of cae yen, wilI Is repaymnent peeiod begSitulnl 1993. Tbese repaymneta do flo bave to ho made Io di. tarne RRSP fioçi which you witb- drew th. funds. Ne ta« break &gais Yon do mo recelvu a second tai brei wbmà you unI. m aumli mrep.mau sa, you mmta knfo. yoor RSP iosure dIn its not a ratul contribution and cmiea RRSP repeyum form. avadài='o y Revenu Cma" district office. l1ik to a rualgr if you would liRe fài lofonudo en bow to repay your RiSP i 7Vs n lst povided by local Rubros Mid dmt OsSio RealI Esim Ausociation <OR EA> for I&t ben4lr of cSwemers in t tual estat inur*t.

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