In Canada, there are many benefits available to the first time home buyers. From tax credits to tax rebates, grants and special concessions for down payment criteria.
Home owners pay property taxes to the municipal government to support the services of city and / or the region they live in as well as to help fund education. Usually, the city sends out tax bills twice per year. Generally, interim bills are sent based on 50 per cent of the previous year’s taxes, in January for February, March and April payments and final bills reflect new tax rates which are usually issued in June for payment in July, August and September.
Disclaimer: The information provided in this blog is current or correct to best of my knowledge. However, it is not a professional or legal advice or a substitute for a professional or legal advice. Readers of my blog are advised to seek professional advice before relying or acting upon the information published here.
Thinking of buying a house? Getting pre-approved for mortgage is what you should do first.
Here are seven solid reasons why you should get pre-approved for mortgage:
You may qualify for down payment loan assistance from the Govt to buy a home