Finance Friday: RRSPs

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On this Finance Friday, we welcome back Dave Schurman from FirstOntario Credit Union.

Viewer Mandi from Burlington asks: “As a first-time home buyer that plans to buy in the fall, can I take out an RRSP load and add that to my current RRSPs, after waiting 90 days, and use those together as part of my down-payment? Or does the RRSP loan have to be fully paid off before i can use it as a part of my down payment?”