Mohammed and Parm Are Recently Married and Neither of Them

question 72

Multiple Choice

Mohammed and Parm are recently married and neither of them has ever owned a home.They wish to use the Home Buyers' Plan (HBP) to make their down payment on their first home.If they each have $75000 in their RRSPs,how much can they access for their down payment through the HBP?

• A)$100 000
• B)$40 000
• C)$25 000
• D)$50 000

---

Definitions:

Social Regulation

Policies implemented by the government to protect public interests, including health, safety, and the environment, often affecting how businesses operate.

Repetitive Activities

Tasks or processes that are performed over and over again in a consistent manner, often within a production or manufacturing environment.

Social Regulation

Rules and standards implemented by authorities to protect public welfare, including health, safety, and the environment.

Natural Monopoly

A market condition where a single firm can supply a product or service to an entire market at a lower cost than what two or more firms could achieve, often due to high fixed or barrier costs.