2013 FEDERAL BUDGET - Some GOOD NEWS for HOME BUYERS!!
- Home Buyers Plan - qualifying Home Buyers can withdraw up to $25,000 from their RRSP's and couples can withdraw up to $50,000 for a down payment. Home Buyers who have repaid their RRSP's, may be eligible to use this program a second time.
- First-Time Home Buyers' Tax Credit - A maximum of $750 tax credit is available for tax year 2013 for qualifying home buyers of detached homes, attached homes, condos, mobile homes and housing corporation shares.