by Penelope Graham | Feb 24, 2020 | Columnists, Featured
In today’s hot housing market, prospective buyers often need as much help as they can get – and the Home Buyers’ Plan (HBP) is one of the original tools offered up by the federal government to ease the journey into homeownership. First introduced in 1992, it’s...
by Martin Rumack | Oct 12, 2017 | Featured
As a real estate lawyer, I often receive inquiries about the eligibility requirements for the RRSP Home Buyer’s Plan (HBP). For regular RRSPs, the basic rule is simple: If you make a withdrawal from your RRSP, those funds are included in your income for the year that...
by REM Editorial Team | Oct 2, 2017 | Boards & Associations, News
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. Statistics from Canada Revenue Agency show from 2002 to 2015, the...
by REM Editorial Team | Dec 21, 2016 | News
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. Three Winnipeg Realtors who are advocating...
by REM Editorial Team | Mar 15, 2016 | Boards & Associations, News
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. The measures include introducing a tax credit for the purchase of a first home,...
