Which of the Following Is True About the Home Buyers

question 4

Multiple Choice

Which of the following is true about the Home Buyers' Plan?

• A)It's a government program which enables first time home owners with less than five percent down payment to purchase a home using CMHC insurance.
• B)It's a government program exempting Canadian first time home buyers in certain provinces from land transfer tax.
• C)It's a government program allowing first time home buyers to withdraw $20000 from their RRSPs tax free as long as paid back within ten years.
• D)It's a government program allowing first time home buyers to withdraw $25000 from their RRSPs tax free as long as paid back within fifteen years.

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Definitions:

Information Power

The influence and control one has due to possessing valuable knowledge, facts, or data that others do not have.

Referent Power

A form of influence that one individual has over another based on the strength of their relationship or the charisma and likability of the person who holds power.

Coercive Power

The ability of a person or group to enforce compliance through threats or punishment.

Exchange Orientation

A perspective in relationships focusing on the balance of rewards and costs between the parties involved, often in the context of social or work-related interactions.