EP12- What are the Incentives for First-Time Homebuyers

26/12/2024 10 min Temporada 1 Episodio 12
EP12- What are the Incentives for First-Time Homebuyers

Listen "EP12- What are the Incentives for First-Time Homebuyers"

Episode Synopsis

Send us a textThis podcast discusses Canadian first-time homebuyer incentives. Two key pre-purchase programs are highlighted: the Home Buyer Plan (HBP), allowing tax-free RRSP withdrawals for a down payment, and the First Home Savings Account (FHSA), offering tax-deductible contributions and tax-free withdrawals. Post-purchase benefits are also explored, including the Home Buyers Amount tax credit, GST/HST rebates for new homes, and potential moving expense deductions. The episode aims to empower listeners by providing information to navigate the home-buying process.https://www.houseinbrampton.ca