Government Assistance For 1st Time Buyers!

In addition to up to $2,000.00 in Land Transfer Tax Rebates from the Provincial Government, the Federal Government recently introduced 2 more money saving incentives for first time home buyers;

• Providing first-time home buyers with additional access to their Registered Retirement Savings Plan savings to purchase or build a home by increasing the Home Buyers’ Plan withdrawal limit to $25,000 from $20,000.
•  Assisting first-time home buyers by providing up to $750 in tax relief to help with the purchase of a first home.