First Time Buyer Benefits

By: Jeffrey & Irene Joseph

First Time Buyer Benefits

Tags: Real Estate, Buyer Benefits, GTA, Home Owners

You May Contribute Up To $25,000 From Your RRSP Towards Your First Purchase, With No Tax Payable On Taking The Money From The RRSP Account.  You Have 15 Years To Repay It into The RRSP Account With  No Interest Payable, Just As Long As 1/15 Of The Amount Is Repaid During The Year.  If You Miss A Payment, The Amount Will Be Added To Your Taxable Income That Year.   On...Read More