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tribune january 6 1993 19 real estate get your rrsp to work for you if you hold an rrsp the federal governments one- year home buyers plan allows you to use rrsp funds towards your downpayment on a home without paying taxes on the withdrawal the plan applies to those who already own homes as well as firsttime buyers to use the plan you must fit the following criteria be a resident of canada buy a home and withdraw rrsp funds before march 1 1993 closing must be completed by september 30 1993 use the home as your principal residence it wortks like this you take a loan from your rrsp to a maximum of 20000 this means couples can take up to 40000 those funds must be used as all or part of the downpayment every year you repay your rrsp 115 of the amount you borrowed until its all paid back but you dont have to pay any interest most people are better off financially to put rrsp funds into buying a home as long as they use the resulting monthly savings wisely if you repay less than 115 one year the difference will be added to your taxable income you will not be able to take any income tax deduction for rrsp contributions for the 1992 taxation year or for the repayments which must begin in 1994 however the repayments will not be counted towards your regular rrsp contribution limits substantial benefits for prudent home buyers by borrowing from their own retirement savings interestfree home buyers can reduce the amount of their principal amount of their mortgage and save hundreds of dollars on their monthly payments mm- thinking of selling listing expired before you list for hhnbnbhhbbbbbhnh zjl o call bruno costabile bruno costabile relocation specialist you can save thousands of dollars by using my 30 day plan of action id love to help you with all your real estate needs for a free market evaluation call 407sell 7355 sales representative wk realtron realty inc kmll ilmftjaibiijdui george miller financial services inc 9406007 24 hours call 24 hr rate line for bcjljali mortgage renewal no cost transfers malcolm dsouza 5022267 toronto line rales subject to change applicants to qualify cathy mcgill sales representative bridle trail beauty just listed only 312900 super 3 bdrm boasts fam rm hardwd floors 4 baths air security prof fin basement call cathy mcgill 8372552 treco real estate ltd mmmmmmm yvx trehrt remax scugog realty limited 114 queen street port perry indopondont membor broker 9854427 tor line 4281332 184 offices throughout ontario mark puckrin 24 hr pager at 4169854427 tor 4281332 seasons greetings a special thank you to agents out there who have promoted my properties or sent people for assistance in buying in the port perry brock and mariposa areas i look forward to continuing that service in 93 neat bungalow with shop well maintained 3 bdrm home cozy rec rm with fireplace central air fenced yard 25x33 insulated workshop located 10 mins east of port perry 133900 mark puckrin 24 hr pager 416-985- 4427 tor 4281332 waterfront now 167000 22 bdrms spacious and bright fin bsmt 2 bathrooms 130x263 lot treed and private 15 minutes east of uxbridge boat to lake now 167000 call mark puckrin 9854427 i 10 acres uxbridge area 32 bdrm home walkout bsmt with fireplace 32x40 detached workshop overlooks greenbelt area located 10 min drive north of uxbridge priced to sell at 259900 mark puckrin 24 hr pager 20 mins to uxbridge lots acreages same area rural lots about 1 acre 47000 to 58500 10 acres with trees stream and pond 79900 waterfront 114 lake scugog now 74900 mark puckrin 4169854427 tor- 428- 1332 just listed 179900 charming 4 bdrm home features hardwood floors and trim fireplace formal din rm finishable 3rd level large garage with office space commutable intown location contact mark puckrin 9854427 waterfront just listed classy yearround cottage 10 min east of port perry 3 bedrooms custom kitchen large living area with fireplace small but private yard gravel beach 129000 quality country bungalow 25 minutes ne of uxbridge 1 acre with nice view 21 bdrms top quality throughout professionally fin fieldstone fireplace 2nd kitchen call mark puckrin 24 hr pager 9854427 f warden 14th ave reduced must lease immediately executive office space 250 per month 9409034 m