We are at the planning stage of buying a house in the States.
For those who don''t know, RRSP is a retirement plan for people who work in Canada. First time home buyers in Canada can use $20k of their RRSP money to buy a house without paying tax when you withdraw the money.
Anyway, bf worked in Canada before, so he has RRSP. He is in US now. He has both 401k and 403. Is there anyway we can utilize the money in 401 and 403 to buy a house without paying tax upon withdrawal? We are first time home buyer.
For those who lived in Canada now moved to US may know my next part of the question. Is it possible to use the RRSP money to buy a house in US without paying high tax when withdrawing money from the RRSP account?
For those who don''t know, RRSP is a retirement plan for people who work in Canada. First time home buyers in Canada can use $20k of their RRSP money to buy a house without paying tax when you withdraw the money.
Anyway, bf worked in Canada before, so he has RRSP. He is in US now. He has both 401k and 403. Is there anyway we can utilize the money in 401 and 403 to buy a house without paying tax upon withdrawal? We are first time home buyer.
For those who lived in Canada now moved to US may know my next part of the question. Is it possible to use the RRSP money to buy a house in US without paying high tax when withdrawing money from the RRSP account?