Homebuyers’ Plan • The federal budget proposes to increase the withdrawal limit for first-time homebuyers using the Homebuyers Plan from $20,000 to $25,000 (per individual). • Under this program, first-time homebuyers are allowed to withdraw funds from their RRSP, tax-free, to put towards the down payment on a home. Amounts withdrawn under the HBP must [...]
Entries from January 2009
Toronto Home Buyers and Owners To Get a Boost in the Budget
January 29th, 2009 · Comments Off
Tags: · Budget, Home Buyers, Home Owners, Tax Credit, Toronto Real Estate
