Currently I am saving for my first house. My question is regarding RRSP's and the Homebuyers Plan.
Currently I have 10,000 worth of space in my RRSP, however I am still in school and am looking at a least a year until I have employment where I can actually use the tax benefits from this investment. School tax credits are more than enough right now.
My question is this.
If I invest 10,000 into an rrsp this year, take it out say in 8 months, can I use the RRSP tax benefits in say two years (for 2010's tax year)?
On a side note my TFSA is fully funded.
Currently I have 10,000 worth of space in my RRSP, however I am still in school and am looking at a least a year until I have employment where I can actually use the tax benefits from this investment. School tax credits are more than enough right now.
My question is this.
If I invest 10,000 into an rrsp this year, take it out say in 8 months, can I use the RRSP tax benefits in say two years (for 2010's tax year)?
On a side note my TFSA is fully funded.