TAX-FREE... who doesn't love hearing those 2 words?! 

If you haven’t purchased a home within the last four years (or lived in a spouse’s home in the same timeframe), you may qualify for the government’s RRSP Home Buyer’s Plan. With this plan, you may borrow up to $25,000 tax-free from your RRSP to fund your down payment. Just keep in mind that the money must be in your RRSP at least 90 days before the purchase of your house - so plan ahead! 


The First Time Home Buyer’s Plan is advantageous for Canadians because generally speaking, early withdrawals from RRSPs are considered taxable income. In this case, they’re exempt but you must start repaying the amount borrowed from the RRSP two years after you buy over a 15-year period.


CLICK HERE FOR MORE INFO


After all, it is currently a buyer market in Calgary and Okotoks! If you're thinking about buying a home in Calgary, Okotoks or the surrounding areas reach out and find out how we can help you through the process of finding your first home! 


The best time to buy a home was 10 years ago.

The second best time is now!

Read full post
Categories:   2018 | 2019 | Acadia, Calgary Real Estate | Airdrie Real Estate | Airdrie, Airdrie Real Estate | Alberta | Aspen Woods, Calgary Real Estate | Auburn Bay, Calgary Real Estate | Beltline, Calgary Real Estate | Black Diamond, Black Diamond Real Estate | Braeside, Calgary Real Estate | Bridlewood, Calgary Real Estate | Buying a home | calgary | Calgary Investment Property | Calgary Real Estate | Carstairs, Carstairs Real Estate | Cedarbrae, Calgary Real Estate | Chaparral Valley, Calgary Real Estate | Chaparral, Calgary Real Estate | Charleswood, Calgary Real Estate | Community Event | Copperfield, Calgary Real Estate | Cranston, Calgary Real Estate | CREB | De Winton, De Winton Real Estate | Eau Claire, Calgary Real Estate | Events | Falconridge, Calgary Real Estate | Family Activities | Family Day 2018 | First Time Home Buyer | Fixer Upper | Giving Back | Harvest Hills, Calgary Real Estate | Heritage Pointe, Heritage Pointe Real Estate | High River, High River Real Estate | Investment Property | Killarney/Glengarry, Calgary Real Estate | Light Up Okotoks | Live Chat | Magnussen Advantage | Mahogany, Calgary Real Estate | Market Update | McKenzie Towne, Calgary Real Estate | Millrise, Calgary Real Estate | Moving to Okotoks | Nanton, Nanton Real Estate | Nolan Hill, Calgary Real Estate | okotoks | Okotoks Community Events | Okotoks home buyer | Okotoks Homes for Sale | Okotoks Investment Property | Okotoks MLS Listings | Okotoks Real Estate | Okotoks Real Estate Team | Okotoks Realtor | Okotoks, Okotoks Real Estate | Open House | real estate advice | real estate advie | Real Estate Tips | remax | Remax Okotoks | Remax Real Estate | Remax Realtor Okotoks | Renfrew, Calgary Real Estate | Riverbend, Calgary Real Estate | Rural Foothills County, Rural Foothills County Real Estate | Rural Foothills M.D., Rural Foothills M.D. Real Estate | Scholarship | Signal Hill, Calgary Real Estate | Somerset, Calgary Real Estate | Sundance, Calgary Real Estate | Thing to do in Okotoks | Things to do in Calgary | Things to do in Okotoks | Turner Valley, Turner Valley Real Estate | video
Categories
Data supplied by CREB®’s MLS® System. CREB® is the owner of the copyright in its MLS® System. The Listing data is deemed reliable but is not guaranteed accurate by CREB®.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.