Flashcards
Week L Cue Cards
Flashcards do conjunto (6)
- 1What is a green mortgage?A mortgage that helps with buying/building green housing
- 2What are some products eligible for energy rebates?Major Appliances, Heating, Cooling, Ventilation, Windows, Doors and Skylights
- 3What is a Registered Retirement Savings Plan (RRSP)Tax deferral tool that defers tax income to a later date when income tax is lower
- 4What is the Home Buyers Plan (HBP)?RRSP Accessibility to buy a house
- 5How does repayment for a RRSP withdrawal work?Must repay withdrawal within 15 years (1/15 of withdrawal per year)
Starts 2nd year after withdrawal - 6Primary Residence requires you to pay capital gains against taxes T/FFalse
Does not require you to pay capital gains