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GCSE, Green Chencinski Starkman Eles LLP Chartered Accountants, is a full-service, public accounting firm, primarily serving the small and mid-size, entrepreneurial business and professional sectors in Toronto Canada. GCSE’s experienced partners and professional, support staff strive to provide accounting and advisory services using an invaluable personal approach, designed to meet each client’s individual needs. This “personal touch”, combined with a full range of accounting, auditing, tax compliance and planning services allows GCSE to meet all your business and personal accounting requirements.

 
     
     
 
     
  Home Buyers Plan

Currently, each spouse who is a first-time home buyer may withdraw a maximum of $25,000 from his/her Registered Retirement Savings Plan (RRSP) in order to purchase a new home. An individual is a first-time home buyer if neither the individual or his/her spouse owned and lived in another home in the calendar year of the home purchase or in any of the four preceding calendar years. In addition, the individual or his/her spouse must intend to occupy the new home as their principal place of residence within one year.
Withdrawn funds must be used to purchase a home before October of the year following the year of withdrawal, and must be repaid over a 15 year period.
 
     
 
     
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