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Conditions for participating in HBP:
You have entered into a written agreement to buy or build a qualifying home.
You intend to occupy the home as your principal residence
You have to be considered a first time homebuyer.
Your HBP balance on January 1 of the year of the withdrawl has to be zero.
Neither you nor your spouse can own the home more than 30 days before the withdrawal is made.
You must be a resident of Canada
You must complete form T1036
You have to receive all withdrawals in the same year
You cannot withdraw more than $20,000
You have to buy or build the home before October 1 of the year after the year of the withdrawal.
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Mississauga MLS Real Estate Properties & MLS.CA Homes for Sale | Privacy-Policy | Guarantees | All Pages including SiteMap , Mississauga Real Estate Blog all maintained by A. Mark Argentino , mark@mississauga4sale.com Copyright © A. Mark Argentino, P.Eng., Broker, RE/MAX Realty Specialists Inc., Brokerage, Mississauga, Ontario, Canada L5M 7A1 (905) 828-3434 First created - Tuesday, July 16th, 1996 at 3:48:41 PM - Last Update of this website: Wednesday, February 1, 2012 9:15 AM At this Mississauga, (Erin Mills, Churchill Meadows, Sawmill Valley, Meadowvale, Meadowvale and or Credit Mills) Ontario, Canada Real Estate Property Internet web site you will find relevant information to help you and your family.
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