What is the latest date George can make an eligible withdrawal from his RRSP under the HBP in the year he plans to move in?

The Home Buyers' Plan (HBP) allows individuals to withdraw funds from their Registered Retirement Savings Plan (RRSP) to buy or build a qualifying home. To be eligible, an individual must typically make the withdrawal in the same calendar year that they plan to move into their new residence. This eligibility has specific deadlines that must be adhered to.

In Canada, the latest date to make an eligible RRSP withdrawal under the HBP for the year of the move is October 15. This date is significant because it ensures that the withdrawn funds are available for the purchase and that any tax implications or requirements associated with the HBP can be accurately processed by the end of the tax year.

The dates prior to October 15, such as September 30 or October 1, would be too early for some contexts surrounding tax filings and home purchases unless deals are finalized by then. November 30 is outside the eligibility window, as this date does not comply with the HBP requirements given that it follows the planned move which ideally should have been completed in October.

Thus, October 15 is the last permissible date for an eligible withdrawal under the HBP in the year planned for moving into the new home.