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    • Home
    • About us
    • Real Estate Taxation
      • What we do?
      • Buying Real Estate
      • Assignment Sales
      • Completion & Handover
      • Moving out
      • TRESA 2002 (Bill 145)
      • Residents & Non-residents
    • Contact Us
      • Team
      • Contact Us
    • Testimonials
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Buying Real Estate

First-time Homebuyer's Refund

A refund on part of the tax payable is available if you or your spouse have never owned a home in any part of the world and intend to occupy the property within 9 months of the date of transfer.

Homebuyer's Plan

The Home Buyers' Plan (HBP) allows you to withdraw up to $25,000 in a calendar year from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability.

Homebuyer's tax break

If you or your spouse acquired a home in the year, and have not lived in a home you owned for four years, you can claim a tax deduction of $5,000 in your annual tax return. 




The content of this article is intended to provide a general guide on the subject matter. It is not intended to replace professional advice. Specialist advice should be sought about your specific circumstances.

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