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EP12- What are the Incentives for First-Time Homebuyers
Manage episode 457601965 series 3624899
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This 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/communities/bank-estate-sale-properties/
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