Tags Posts tagged with "Home Buyers Plan"

Home Buyers Plan

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Under the Home Buyers' Plan, an individual can withdraw an amount from his or her own RRSP and use it towards the purchase of a home on a tax-free basis. However, there are certain conditions and limitations

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The Quebec Federation of Real Estate Boards (QFREB) says fewer people are using the Home Buyers’ Plan (HBP) in the province to help purchase a home and is calling for immediate changes to the program.

Kourosh Doustshenas, right, worked with Winnipeg North MP Kevin Lamoureux to create a petition about making changes to the HBP. Lamoureux introduced the petition in the House of Commons on Nov. 1.

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Many Realtors across the country are acting on a CREA call to action to let their MPs know why making changes to the Home Buyer’s Plan will make it a more effective vehicle to enable more Canadians to afford their own home.

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The Quebec Federation of Real Estate Boards (QFREB) recently submitted four proposed tax measures to the province’s Minister of Finance as part of Quebec’s pre-budget consultations.

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The Realtors Association of Edmonton is urging all candidates in the 2015 federal election to support an increase to the maximum borrowing amount available to consumers through the Home Buyers’ Plan (HBP).