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First Time Home Buyers' Credit
Under the new federal budget, first-time homebuyers can qualify for a $750 tax credit, to help with closing costs, such as appraisal or legal fees.
RSP Home Buyers' Plan
Homebuyers can now withdraw up to $25,000 each from their RRSP under the Home Buyers Plan for a down payment, up from the previous limit of $20,000. Couples can access an extra $10,000 from their RRSPs under the plan.
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