Aylmer Hull Gatineau (Ottawa region valley / Outaouais)



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.





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


Using Your RRSP Savings

Low Down Payment Insured Mortgage


Scotia®100% Mortgage

Scotia Free Down Payment® Mortgage


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