First Time Home Buyers Program (BC)
#16
BE Forum Addict
Joined: Dec 2005
Location: Colorado Springs
Posts: 1,213
Re: First Time Home Buyers Program (BC)
As long as you understand the Federal program is all about RRSP withdrawls. I guess that's what Siouxie was getting wound up about.
#17
Joined: Sep 2008
Posts: 12,830
Re: First Time Home Buyers Program (BC)
For the Home Buyers Plan, but not for the provincial property transfer tax exemption. Your posts have not been very clear and you seem somewhat confused about what you are seeking. The HBP is using your own money out of an RRSP, the tax exemption is saving the property transfer tax, which can be several thousand $ and requires the home purchaser to make a declaration that they have never owned a property anywhere in the world, ever. You may want to seek advice from your lawyer when making a purchase.
#18
Banned
Joined: Apr 2009
Location: SW Ontario
Posts: 19,879
Re: First Time Home Buyers Program (BC)
The OP quoted regarding the First Time Home Owners Tax Credit and agreed with Aviator that that is what they were looking for. I posted links to that and the Home Buyers Plan and explained that the HBP was for RRSP withdrawal and explained that it was a Federal Program, not BC specific.
I then commented that I was not able to qualify for the First Time Home Owners Tax Credit despite not owning a house for 11 years which is what the OP had asked if anyone had qualified for despite previously owning a house in their opening post.
Perhaps the OP would like to specify exactly what they were / are hoping to apply for.. so that there is no further confusion.
Last edited by Siouxie; Apr 26th 2018 at 9:50 pm.