November 2016

Home Buyers Plan (HBP)? First Time Home Buyers

Posted on Nov 27, 2016

This program allows you to withdraw up to $25,000.00 in a calendar year from your registered retirement saving plan (RRSPs) to buy or build home for yourself or for a related person with a disability.

HBP eligibility conditions:       
# You must be considered a first-time home buyer.
# You must have a written agreement to buy or build a qualifying home for...

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Understand Your Property Transfer Taxes in British Columbia!

Posted on Nov 22, 2016

You are charged property transfer tax when you make changes to a property's title, including:
Acquiring a registered interest in the property
Gaining an additional registered interest in the property
Becoming the registered holder of a lease, life estate, or right to purchase for the property.
The amount of tax you pay is based on the fair market value...

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