Taking money out of several RRSP accounts for a Home Buyer's Plan.

>
> My question is: Canadian-specific
>
> QUESTION: We are 1st time home buyers and we want to use our RRSP.   If we
> have a RRSP at work, and at several banks, can we withdraw from all of them
> as long as its less than $20,000 each?  My question is can I use the RRSP
> from several institutions or just from one?  Thank you.
>
> ---------------------------------------------------------------------------
 david ingram replies:
 
You can take them out of as many RRSP accounts as you have.  However, I
 would just roll them all over into one and take it out of that one for
 convenience sake.
 
And, in my opinion, you are better off paying down your mortgage an extra
 bit than you are paying back the HBP at 1/15th a year for fifteen years.
 
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