RRSPs can contribute to net worth by making withdrawals to purchase a home.

Name: RRSPs can contribute to net worth by making withdrawals to purchase a home.
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Question

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RRSPs offer the Home Buyers' Plan which allows individuals to withdraw up to $35,000 from their RRSP to use towards purchasing a qualifying home. This can contribute to an individual's net worth by allowing them to use these funds towards a valuable asset, such as a home.

RRSPs Can Contribute to Net Worth by Making Withdrawals to Purchase