Aylmer Hull Gatineau (Ottawa region valley / Outaouais)

HOME BUYER`S PLAN - HBP


 

Premiers Acheteurs/First Time Home Buyers

Felicitations sur votre decision de devenir proprietaire!

Congratulations on your decision to make the big move to own your first home!

 

The Home Buyers Plan

The Home Buyers' Plan (HBP) is a government program which allows first-time home buyers like you to gain financial autonomy. You can become a homeowner while building a retirement fund within a Registered Retirement Savings Plan (RRSP).

 

How does HBP apply to me?

 

While owning your first home, you'll also receive income tax refunds. For spouses who work, these refunds can range between $10,000 and $21,000. The HBP allows each taxpayer to withdraw up to $20,000, tax-free, from their Registered Retirement Savings Plan (RRSP) to purchase a home.

 

And if I don`t have an RRSP?
You can still take advantage of the HBP, as long as you are earning, or have earned in the past, an income entitling you to contribute to an RRSP.


By contributing the maximum possible amount to your RRSP, you'll receive generous income tax refunds,

 

And if I do not have sufficient funds to contribute to an RRSP?

It's easy to contribute up to $20,000 to your RRSP, because allowable unused contributions since 1991 can be fully used and deductible. Also, if you take out a 90-day loan from you financial institution, and pay it back immediately after the 90-day period using money withdraw from your RRSP, you will legally obtain your income tax deduction. Afterwards, you will have almost 18 years to reinvest the money in your RRSP, without interest.

Look to the right Column and click the links to reputable HPB resources such as Royal Bank, Scotia Bank, Revenue Canada. Call Michael Lederman to obtain contact information to any of these or other bankers and mortgage brokers with whom past clients have had great results and optimal service.

 


HBP SOURCES


1ST TIME HOME BUYER PLAN

REVENUE CANADA  

Withdraw up to $20,000
from your registered retirement savings plan (RRSPs)
to buy or build a qualifying home for yourself
or for a related person with a disability

ROYAL BANK OF CANADA

Using Your RRSP Savings

Low Down Payment Insured Mortgage

SCOTIA BANK


Scotia®100% Mortgage

Scotia Free Down Payment® Mortgage

 

Copyright © Michael Lederman Real Estate Broker, MBA | Progres Courtier Inc. Aylmer

Plan du Site | Site Map ~ Politique de Confidentialité | Privacy Policy

Courtier Immobilier| Real Estate Broker
Expert Immobilier PM Inc.
AYLMER GATINEAU: 97 rue Principal Gatineau QC J9H 3L9
MONTREAL: 4280, rue Beaubien est, Montréal, (QC), H1T 1S6
Telehone   (by appointement only / Sur rendez-vous seulement )

DIRECT: 819-661-1391  OFFICE: 1 855 494-7575| FAX: (613) 887-2082
Contacte Michael | Contact Michael

 

Custom Point2 Agent Design | Nancy Golliday


Sign In