 |
 |
 |
ONTARIO HOME OWNERSHIP SAVING PLAN
|
To provide a savings plan and refundable tax credit that
helps lower-income individuals and couples (married or in a
common-law partnership) save towards the purchase of a first
home.
The Income Tax Related Programs Branch in the Tax Revenue
Division of the Ministry of Finance administers the OHOSP
program, in partnership with participating financial
institutions.
Contributions to OHOSPs are made at participating financial
institutions. Joint OHOSPs are not available, so each spouse
or common-law partner may open a separate plan. |
|
Claim your tax credit on the ON 479 Ontario Credits form
included with your federal income tax return.
The Land Transfer Tax Refund Program, available to
purchasers of newly constructed homes only, is administered
by the Motor Fuels and Tobacco Tax Branch in the Tax Revenue
Division of the Ministry of Finance.
OHSP: Saving to Buy a New Home
Ontario Home ownership savings plan is a great way for low-income families or in common-law partnerships, to buy their first home. Mississauga real estate is the best place for first time buyers. It offers a wonderful view onto Lake Ontario and the city limits. |
|
|
|
Ontario Home Ownership Plan is targeted to the low-income and common-law partnerships. It's offered to the first time buyers looking to buy there first home / property in the Mississauga Real Estate area. Contributions to OHOSPs can be made at participating financial institutions. Contributors can claim exemptions on your tax credit, on the ON 479 Ontario Credits form included with your federal income tax return. |
|
| |
|
|
|
® Realty Specialists Inc.
2691 Credit Valley Road, Suite 101
Mississauga, Ontario
L5M 7A1 |
Damir Strk -
Mississauga Real Estate
Agent
Telephone: 905-828-3434
Fax: 905-828-2829
Direct Toll Free in North America:1-866-838-3434 |
|
|
|
