Home Buyers Plan

/Home Buyers Plan

The First Time (but not really) Home Buyers’ Credit

Even though there are warnings galore about the amount of debt taken on by Canadian households, our Provincial and Federal governments seem to think that mortgages aren’t a bad thing and continue to offer a number of incentives available to first time buyers. One of these is the First Time Home Buyers' tax credit offered [...]

The First Time (but not really) Home Buyers’ Credit 2017-01-27T16:00:25+00:00

How to truly maximize the Home Buyers Plan with your spouse

The Home Buyers' Plan (HBP) is nothing new in Canada, the basic gist being that RRSP contributions, which generate a tax deduction in the year paid, can be withdrawn later (max $25,000) to purchase a qualifying home in Canada.  There are number of requirements that must be met, including: when the home must be purchased by, how long [...]

How to truly maximize the Home Buyers Plan with your spouse 2017-02-10T08:50:53+00:00