Deep dive into Real Estate by Team Laddi Dhillon

EP12- What are the Incentives for First-Time Homebuyers


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This podcast discusses Canadian first-time homebuyer incentives. Two key pre-purchase programs are highlighted: the Home Buyer Plan (HBP), allowing tax-free RRSP withdrawals for a down payment, and the First Home Savings Account (FHSA), offering tax-deductible contributions and tax-free withdrawals. Post-purchase benefits are also explored, including the Home Buyers Amount tax credit, GST/HST rebates for new homes, and potential moving expense deductions. The episode aims to empower listeners by providing information to navigate the home-buying process.

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Deep dive into Real Estate by Team Laddi DhillonBy Laddi Dhillon