First Time Buyers Property Purchase Tax Exemption is increased in Canada and Vancouver!
First Time Home Buyers:
You have something else to celebrate now! The Government has issued amended First Time Home Buyers requirements. The qualifications for the exemption of first times buyers have changed. A first time home buyer can now qualify for a full exemption with a purchase price of less than $425,000.00 (previously $375,000.00).A first time buyer partial exemption is available if the purchase price is more than $425,000.00 but less than $450,000.00.
Also, there is no longer a requirement for any financing. First time buyers are now much more inclined to finance creatively!
For more information on the first time buyer exemption, please see:http://www.sbr.gov.bc.ca/documents_library/bulletins/PTT_004.pdf
This is only one of the many unique approaches we study about everyday.
We have unique solutions for the first time buyer including rrsp eligibility and more…
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