Using RRSP money for Rent to Own or Subject To ?

[Caley Crossman]

Is it possible to use your RRSP without penalty on a creative finance deal such as rent to own or subject to deals? I have a buyer with certain amount of cash but doesn't qualify for bank mortgage. Would be great to find a way to use her RRSP money without penalty.... or does that only work if you have a mortgage in your name? Cheers

[Roy Cleeves]

This is really an accountant question as to how you can structure to use your RRSP's as an investment with it still being arm's length away so that you do not get taxed on it until it is used for the purchase at the end of the rent to own period.

Best Wishes