First time home buyer

Leveraging, renting vs owning, making an investment or buying a home?
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blackball
Silver Ring
Silver Ring
Posts: 278
Joined: 09 Dec 2007 00:30

First time home buyer

Post by blackball » 01 May 2016 16:51

Hi:

I would like to understand which benefits my spouse would qualify as a first time home buyer. The situation is that she has never owned any real estate whereas I have ownership of a property that neither of us have lived in (we have lived in a rental since being married). I also lived in a property that I owned in the last four years prior to us being married/living together.

I believe that neither of us would qualify for the first time home buyer credit or land transfer tax rebate. However, she would qualify for the RRSP home buyers plan. Does this seem correct?

Thanks

BB

seth1987
Newcomer
Newcomer
Posts: 2
Joined: 10 Aug 2016 15:51

Re: First time home buyer

Post by seth1987 » 10 Aug 2016 16:04

This should answer most of your questions:

http://www.fin.gov.on.ca/en/refund/newhome/

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