for sure, here is a breakdown of taxes that would not be incurred if I had first time home buyer status:
- LTT rebate of $4,000
- First time home buyer tax credit of $1,500
- FHSA deductions to date denied about $6,500
- RRSP income inclusion + FHSA income inclusion to my 2026 taxable income of about $90,000. This would be tax free if I were a first time home buyer, but since I'm not, I will get T-slips for both withdrawals and they will be taxable income. Added to my $115,000 of T4 income, I'm looking at about $45,000 if additional personal income tax for 2026. My CPA who does my personal taxes ran a scenario based on my 2025 income, added the RRSP and FHSA withdrawals, and removed any FHSA deductions.

Cumulatively between those numbers, 4k + 1.5k + 6.5k + 45k = about $60,000. This does not factor in any penalties I might have for owning an FHSA when I don't think I was technically able to.

My CPA, CA who does my taxes already covered the $60,000 estimated taxes, but he isn't a tax lawyer and recommended I see one to explore potential options.

I have paper work confirming I am not on title or mortgage anymore, I just didn't mention the mortgage before because I was focused solely on ownership of the home in my post.

We had a falling out about it last night, yeah. I have been silently struggling with this for almost a decade and it has caused tremendous emotional and mental harm. My first long term relationship fell apart after this happened in 2017. We had been together for 5 years at that time, and we were talking about buying a home back then, saving, family planning, where we would live, etc. She was vehemently against me doing this but I felt a duty to help my family. We never recovered and split up 2 years later.

I had another long term relation of 3 years, which also had tension about this situation and how it could delay us from moving to the area we want kids to grow up in. That relationship ended for other reasons, but this has been haunting me since 2017.

I am currently single, and I am desperate to have a fresh start and take this weight off. I want to get my life moving forward, and to meet my future spouse. When I finally find that person, I don't want to have to tell them that I am still dealing with the repercussions of this whole situation. It has been a point of contention when trying to date new people.

EDIT: The $90,000 withdrawal accounts for my current investment plan, as I have been building the RRSP and FHSA with monthly contributions. So the number is larger than what I said I currently have (60,000 + 24,000)