Mohammed and Parm Are Recently Married and Wish to Use

question 36

Multiple Choice

Mohammed and Parm are recently married and wish to use the Home Buyers' Plan (HBP) to make their down payment on their first home. If they each have $50,000 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