Home buyer’s plan

Is the HBP right for me?

But I’ve never contributed to an RRSP…

But I don’t have enough money to contribute to an RRSP…

Still have some doubts?

 

A double advantage !

The Home Buyers’ Plan (HBP) is a government program which allows first-time home buyers like you to gain financial autonomy. You can become happy homeowners while at the same time building a retirement fund within a Registered Retirement Savings Plan (RRSP).

Is the HBP right for me?

Of course! And what’s more, while you’re fulfilling your dream of owning a home, you’ll also be getting income tax refunds worth thousands of dollars. For spouses who work, these refunds can be between $14,250 and $24,100, which is quite sufficient to purchase your first home. The HBP allows each taxpayer to withdraw up to $25,000, tax-free, from their Registered Retirement Savings Plan (RRSP) to purchase a home.

But I’ve never contributed to an RRSP…

It doesn’t matter. You can still take advantage of the HBP, as long as you are earning, or have earned in the past, an income entitling you to contribute to an RRSP. By contributing the maximum possible amount to your RRSP, you’ll receive generous income tax refunds.

But I don’t have enough money to contribute to an RRSP…

It’s easy to contribute up to $25,000 to your RRSP, because allowable unused contributions since 1991 can be fully used and deductible. Also, if you take out a 90-day loan from your financial institution, and pay it back immediately after the 90-day period using money withdraw from your RRSP, you will legally obtain your income tax deduction. Afterwards, you will have almost 18 years to reinvest the money in your RRSP, without interest. It’s a simple strategy with fabulous results!

Still have some doubts?

Consult one of the brokers in your area. They have received special training about the HBP to help you purchase a home. They will gives you more details on this generous government program.

“Our experience over the past year has shown us that the HBP is a wonderful tool to help you purchase your first home.”

“We never imagined we’d be able to buy

tax deduction under the program. We bought a nice bungalow for $328,000.”

This program gave us the double benefit of purchasing a revenue property, and having our little family live in the building as well. The HBP also allowed us to make a 25% down payment on our triplex.

Montreal Revenue.com - Peter Rawski Real Estate

YOUR PEACE OF MIND IS JUST A PHONE CALL AWAY!

Need superior customer service and committed Realtor, look no further. You can trust me to work according to your budget, interests and suitability. My expertise and extensive experience in real estate will benefit you whether you are buying or selling a home. Find your “Dream Home”.

 

WHY TO LIST OR BUY YOUR HOME WITH ME?

–           PROFESSIONAL SERVICES

–           CLIENT SATISFACTION

–           COMPETITIVE LISTING COMMISSIONS

–           HOME STAGING RESOURCES

–           AGGRESSIVE MARKETING, WEB EXPSOURE

–           FREE MARKET EVALUATION

–           MORTGAGE SERVICES

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s