As a first time home buyer of a newly constructed home, there are some special rebates you can qualify for. Among these are:
Home Buyers’ Plan (RRSP)
The Canadian Home Buyers’ Plan is a program that allows you to withdraw up to $20,000 from your registered retirement savings plan (RRSPs) to buy or build a qualifying home for yourself or for a related disabled person. In general, the plan allows a one time withdrawal of up to $20,000 from an RRSP and is repayable in 15 years, by once a year equal payments (for a total of 15 annual payments).
For more information on the Home Buyers’ Plan:
GST/HST New Housing Rebate
Also available to Home Buyers is the GST/HST New Housing Rebate for purchases of new or substantially renovated homes.
More information:
Canadian Revenue Agency – GST/HST New Housing Rebate
PST First Time Home Buyer’s Rebate Program
If you are a first time home buyer, you may qualify for another rebate of up to $1,500 when you purchase a new mini home from Havill’s. Click below or contact Havill’s to find out if you qualify.
More information:
Government of Nova Scotia – First Time Home Buyers’ Rebate Program
