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It's possible to be a first-time home buyer twice--here's how.

Authors :
Dallaire, Justin
Source :
MoneySense; 5/28/2024, p1-1, 1p
Publication Year :
2024

Abstract

This article from MoneySense discusses the possibility of being a first-time home buyer more than once in Canada. The article explains that different government programs have their own criteria for defining a first-time home buyer, and individuals must meet these criteria to qualify. The Home Buyers' Plan (HBP) allows first-time buyers to withdraw funds from their registered retirement savings plan (RRSP) for the purpose of buying a home, and the first home savings account (FHSA) helps Canadians save for a down payment. The article also mentions land transfer tax rebates available to first-time buyers. The author advises individuals to explore these programs and consult with professionals to determine if they are eligible and if participating in a first-time home buyer program is the right decision for them. [Extracted from the article]

Details

Language :
English
ISSN :
14881349
Database :
Complementary Index
Journal :
MoneySense
Publication Type :
Periodical
Accession number :
177525492