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Top 6 First-Time Home Buyer Grants and Programs


Mortgage grants and assistance programs you can use to buy a home.

  • First-time Home Buyers’ Tax Credit


This isn’t just small change – a $10,000 non-refundable tax credit could mean up to $1,500 back in your client’s wallet. It’s a sweet start to their home buying journey.

  • First-Time Home Buyer Incentive


This program is like having the government chip in on the purchase price of a new home. Depending on the home, your clients could see 5% or even 10% of the price covered, which makes their mortgage payments smaller.

  • GST/HST New Housing Rebate


If your clients are building a new home or renovating an old one, they could get back a part of the GST or HST they pay. It’s a nice way to save some money on a big project.

  • Land Transfer Tax Rebate


Buying a home in Ontario, Toronto, BC, or PEI has a perk. First-time home buyers can get some of the tax they pay for transferring land back, leaving more money in their bank account. More savings, more smiles.

  • Home Buyers’ Plan


If your clients need extra money for their down payment, they can borrow up to $35,000 from their retirement savings (RRSP). The best part? They won’t pay any tax on this money as long as they pay it back in time.

  • Canada Greener Homes Grant


For clients who want to make their home eco-friendly, there’s up to $5,600 available to help pay for things like energy assessments and green upgrades.


John Siarkas

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