First Time Home Buyers Programs, Rebates, & Incentives

Today, we are covering various programs available to first-time home buyers in Canada and how they can benefit from it. I have also created a checklist for the first time home buyers, which helps you to track your progress through out the journey until you are at the door of your dream first home. Please click the link below to request your copy.

Request your first time home buyers checklist here:
https://theonepercentcommonsense.com/

Following are the key programs we will cover today:
1) Default Mortgage insurance program
2) Purchase + Improvement plan
3) New to Canada program
4) Land transfer tax rebate
5) RRSP – Home buyers plan
6) First Home Savings A/c (FHSA)
7) Home buyer tax credit
8) GST / HST rebate

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#wealth #realestate #buyingahome #sellingahome #mortgage
#taxsaving #business #money #finance #financialeducation

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Chapters:
00:00 Introduction
01:56 1. Default Mortgage Insurance Program
03:36 Illustration of waiting to accumulate down payment
06:12 Scenarios when to buy immediately or wait to accumulate 20% down payment
07:53 Program #2 Purchase and Improvement Plan
08:54 Program # 3 GST/HST Rebate
09:15 Program # 4 New to Canada Program
09:34 Program # 5 Land Transfer Tax Rebate
09:53 Program # 6 RRSP Home Buyer's Plan
11:04 Program # 7 FHSA
11:59 Program # 8 First Time Home Buyers Tax Credit
12:07 Wealth maximizing strategy when you have 20% down payment
13:49 Closing Remarks


Disclaimer:
This content, which may contain security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses.
Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. It also should not be construed as an offer soliciting the purchase or sale of any security mentioned. Nor should it be construed as an offer to provide investment advisory services by Dhaval Gangar.