January 29, 2016
If you bought a home in the tax year, the Canada Revenue Agency (CRA) has a Home Buyers Program (HBP) and a tax credit that may help you save money.
To be eligible for the HBP, you must meet the Registered Retirement Savings Plan (RRSP) withdrawal conditions as well as other eligibility conditions under the HBP. If you are a first-time home buyer, you may also qualify for the one-time Home Buyers Tax Credit (HBTC).
For more information on the HBTC or for information about eligibility for the HBP, please visit the CRA website (www.cra-arc.gc.ca)
POST COMMENTS