Using RRSP money without getting taxed

[gurjot]

Hi, I'm thinking of using RRSP money for real estate .

I have already used the first time home buyer plan.

Any ideas?

[bizaro86]

You can't use it for real estate equity. You can use it for real estate debt (ie write mortgages). You can do this through a MIC or directly through a trustee that allows it (Olympia Trust is the biggest player in that market.

 

Some more info here: https://revnyou.com/rrsp-in-real-estate/

 

Whether that's a good idea or not is something up to you.

 

As far as I know the only way to own real estate in an RRSP is to foreclose on a mortgage it held. And there is a limit on how long your rrsp can hold it iirc, which is risky because you could be a forced seller.

[gurjot]

Great.

Thanks