Amount: up to $40,000 Who is Eligible: First Nations and First Nation Members Description: Get part of the GST or HST back when you build or buy a new house, or substantially renovate your house. The following projects qualify for the rebate: Building a home or contracting someone to build one Buying a newly […]
RRSP Home Buyers’ Plan
Amount: You can use up to $25,000 from your RRSP Who is Eligible: Canadian first-time home buyers Description: The Home Buyers’ Plan (HBP) is a program that allows you to withdraw up to $25,000 in a calendar year from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself […]
First-Time Home Buyers’ Tax Credit
Amount: $750 Who is Eligible: First-time home buyers Description: The First-Time Home Buyers’ Tax Credit is a non-refundable tax credit that aims to help recover closing costs such as legal expenses, inspections, and land transfer taxes for first-time home buyers. Steps to Get this Rebate: To receive your $750 claim, you must include it […]
