Sandra Sass

Office: 204.233.9396 |

FIRST TIME HOME BUYER’S PROGRAM

Introduced in 1994, the program is designed to help those homebuyers purchasing a principal residence for the first time. The program exempts qualified home buyers from paying property transfer tax. To qualify for the First Time Home Buyers' exemption you must meet all of the criteria. This includes requirements which must be met in the year following the transfer.


For more information see;


https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-home-buyers-plan.html