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It is February 18, 2022, Asra and Yadi are looking to buy their first home...

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Finance

It is February 18, 2022, Asra and Yadi are looking to buy their first home but prices during this pandemic seem especially high. To come up with the down payment, they will need to dip into their Registered Retirement Savings Plans (RRSPs) to take advantage of the Home Buyers Plan (HBP). To date, Asra has made a total of $27,000 in contributions to her RRSP while Yadi has made $24,000 in total to his. Their RRSPs have grown over the years and the market value for Asras RRSP is $38,763 while Yadis RRSP is valued at $31,222. They are now looking to withdraw from their RRSPs under the HBP, for the which they will use as a total down payment on their dream home. They have turned to you for some help to their questions.

  1. Based on the information they have provided you, what is the total amount that Asra and Yadi can withdraw from their RRSPs under the HBP for their down payment on their first home? See Table E (.5 mark)

Total: _____________________.

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