First of all, I would like to say Happy Canada Day to everyone!
I actually got this blog idea because of the holiday. I was feeling grateful for living in a great Country and started thinking of all the benefits of buying real estate here. Therefore, I thought I’d share a couple of benefits that relate directly to Canada.
Having ownership of your home is such a great feeling, especially when it is your very first home. However, it’s not a great feeling when you are not informed. When I spoke to first time buyers, many of them didn’t know that there are advantages associated with buying.
For those who don’t know and for those who do, I remind you that when you buy your very first home, most of you can qualify for the First Time Home Buyers Tax Credit (HBTC) Yes! You read that right! A tax break. I provided links below that gives more information about it.
Also, Revenue Canada has a Home Buyer’s Plan which is a program that allows you to withdraw from your RRSP to build or buy a new home. It is not the same as the HBTC but the requirements to qualify are similar.
If you need any assistance please feel free to contact me. If you are anticipating to buy a home soon, give me a call. I’d love to speak with you and give you all the information you need!
I will be blogging fairly regularly, so check back for more blog posts.
Have a great long weekend and stay safe!