RRSP Home Buyers
Under the Home Buyer’s Plan you are entitled to withdraw tax free up to $25,000 from your Registered Retirement Saving Plan or RRSP to build or buy a home, provided you have a written agreement of sale and intended to occupy the home within one year from the date of possession.
If you and your spouse are buying the property together then you can withdrawn up to $50,000 in total or in other words $25,000 each, provided your spouse/common law have not owned a home 30 days prior to the withdrawal of the amount.
The Repayment of the RRSP amount is to be made within 15 years commencing from the second year of the date of possession of your property.
Real Estate Lawyer Fees
Transfer of Title
Legal Fees
$450 + HST
Sale & Refinance
Legal Fees
$765 + HST
Purchase
Legal Fees
$810 + HST
FINDING A REAL ESTATE LAWYER
When you are buying or selling a property, it is crucially important to find the right property which is just perfect for you and fits your budget. A Real Estate is perhaps one of the most important and cherished assets for many individuals. When buying or selling a property one must ensure that the Lawyer who will be handling the transactions is Experienced and Responsible. Most Real Estate Transaction is not complicated but it is important to Find a Real Estate Lawyer who can fix any issue or complication that may arise during closing. Therefore finding the right Real Estate Lawyer is one of the most important aspects of buying or selling a property, especially if you are a First Time Home Buyer.
If you are looking to find an Experienced Real Estate Lawyer near you, then look no further since Shaikh Law serves clients across GTA and has Multiple Meeting Locations across GTA.
