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## Seeking Clarification on Qualifying as a First-Time Home Buyer

Hi everyone,

About 15 years ago, I assisted my sister in purchasing a home by co-signing for her, and I also claimed the first-time home buyer’s tax credit at that time. However, I have since had my name removed from her house as she is now doing well. I am currently in the process of purchasing a house for myself and am considering using my RRSPs for this purpose, with the intention of repaying the amount within the allotted time frame. However, I am unsure if I qualify for this withdrawal due to my previous assistance to my sister. While browsing the government website, I came across the eligibility criteria for first-time home buyers which states that individuals cannot have lived in a qualifying home as their principal residence in the current calendar year or in the preceding four years. This left me wondering if I may still be considered a first-time home buyer based on these guidelines.

### How AI Legalese Decoder Can Help

The AI Legalese Decoder can assist in interpreting complex legal jargon and provide clear explanations of the eligibility criteria for first-time home buyers. By inputting specific details about your situation, the AI tool can analyze the information and determine whether you meet the requirements for accessing your RRSPs for purchasing a new home. This can help alleviate any confusion and provide you with a clear understanding of your eligibility status.

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