- Joined
- Dec 5, 2007
- Messages
- 2,880
Hello,
Do the rules regarding using RRSP as down-payment for property investment/purchase purposes also apply to DCPP - Defined Contribution Pension Plan that some employees have through their workplace (DCPP is paid by some employers)?
If, for example, I have $20,000 in a DCPP can I somehow use that money to purchase real estate either as down-payment, a loan to myself or loan to another person like a family member? I`m not sure if the RRSP rules apply to DCPP as I heard with DCPP the money is locked in a corporate retirement fund(?)
Any advice on the topic would be highly appreciated.
Thanks,
Neil
Do the rules regarding using RRSP as down-payment for property investment/purchase purposes also apply to DCPP - Defined Contribution Pension Plan that some employees have through their workplace (DCPP is paid by some employers)?
If, for example, I have $20,000 in a DCPP can I somehow use that money to purchase real estate either as down-payment, a loan to myself or loan to another person like a family member? I`m not sure if the RRSP rules apply to DCPP as I heard with DCPP the money is locked in a corporate retirement fund(?)
Any advice on the topic would be highly appreciated.
Thanks,
Neil