RRSP DOWN PAYMENT, HOME BUYERS PLAN
WHAT IS THE HOME BUYERS’ PLAN? With the federal government’s Home Buyers’ Plan, you can use up to $35,000 of your RRSP savings ($70,000 for a couple) to help finance your down payment on a home. To qualify, the RRSP funds you’re using must be on deposit for at least 90 days. You must also provide
THE CMHC FIRST-TIME HOMEBUYER INCENTIVE
What is The CMHC First-Time Homebuyer Incentive? It is a $1.25 billion fund administered by the Canadian Mortgage and Housing Corporation (CMHC) over three years will provide 5% of the cost of an existing home and 10% of the price of a new home through what amounts to an interest-free loan to be re
GST TAX ON NEW HOMES
If your thinking about purchasing a brand new home, (or one that is substantially renovated click here for more info on renovated homes ) You are also going to want to think about GST! WHAT IS GST? The goods and services tax (GST) is a value added tax introduced in Canada on January 1, 1991, by
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