Real Estate - Thank you Canada!

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. 

 http://actionplan.gc.ca/en/initiative/first-time-home-buyers-tax-credit

 http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhbtc-eng.html#q12

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. 

 http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhmbyrspln-eng.html

 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!

Melissa

 

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Melissa Morin

Melissa Morin

REALTORĀ®
CENTURY 21 Advantage
Contact Me

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