Federal Liberals’ plan to help first-time homebuyers to kick in weeks before election – Peninsula News Review

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 · OTTAWA – A new federal program aiming to give homebuyers some help covering their mortgage costs will kick in on Labour Day – weeks before a federal election -.

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Posted on October 27, 2015 by. The new Liberal government is introducing a number of updates for household finances – and one of them will change the game for first-time home buyers. A slew of expansions are slated for the Home Buyer’s Plan, which currently allows first-time buyers to pull up to $25,000 from RRSPs to fund their home purchase.