Do you qualify for the first time homeowner tax credit?
You can claim $5,000 for the purchase of a qualifying home in 2016 if both of the following apply:
- you or your spouse or common-law partner acquired a qualifying home; and
- you did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years (first-time home buyer).
Source: http://www.cra-arc.gc.ca/hbtc/
Is a RRSP Home Buyer’s Plan right for you?
Get up to $50,000 tax-free loan from your RRSP, if you or an eligible partner are first time home buyers!
Find out if you qualify for the RRSP home buyers plan today!
Source: http://www.cra-arc.gc.ca/hbp/
Do you know about land transfer tax rebates in Toronto?
For first time home buys, you could be eligible for $4,475 tax rebate on your new home purchase in the Toronto, On area!
Source: http://www1.toronto.ca/wps/portal/contentonly?vgnextoid=a690a58e82cc1410VgnVCM10000071d60f89RCRD
Did you know that New Home Purchases are eligible for HST Rebates?
The GST/HST new housing rebate allows an individual to recover some of the goods and services tax (GST) or the federal part of the harmonized sales tax (HST) paid for a new or substantially renovated house that is for use as the individual’s, or their relation’s, primary place of residence, when all of the other conditions are met.
Source: http://www.cra-arc.gc.ca/E/pub/gp/rc4028/README.html
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