How to save for a down payment to buy a home?
Before you can purchase the home of your dreams, you need to save for a down payment. Here are a few tips to help you achieve your goal.
Whether or not you're a first-time buyer, we have a savings solution that will help you save for a down payment.
By contributing to an RRSP+ with the Fonds, you'll benefit from an additional 30% in tax savings.1 And by reinvesting those tax savings, you can save even more and reach your goal that much sooner.
In addition to the tax advantages of an RRSP, you'll have access to mutual funds with a strong focus on Québec investments so that you can reach your goal while supporting the local economy. Contributions can be made through automatic or one-time bank withdrawals.
Not only is this possible, but it's also advantageous, since you'll benefit from an additional 30% in tax credits1. These savings will allow you to repay your HBP that much faster.