Government Grants & Programs

First Home Savings Account

A first home savings account (FHSA) is a registered plan which allows you, if you are a first-time home buyer, to save to buy or build a qualifying first home tax-free (up to certain limits).

Go to the First Home Savings Account webpage to see if you are eligible.

Home Buyers' Amount

The Home Buyers’ Amount offers a $10,000 non-refundable income tax credit amount on a qualifying home acquired during the year. For an eligible individual, the credit will provide up to $750 in federal tax relief.

Go to the Home Buyers’ Amount webpage to see if you are eligible.

Home Buyers' Plan (HBP)

The Home Buyers' Plan (HBP) is a program that allows you to withdraw up to $60,000 in a calendar year from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability.

Review the Home Buyers' Plan for more information.

GST/HST New Housing Rebate

You may qualify for a rebate of part of the GST or HST that you paid on the purchase price or cost of building your new house, on the cost of substantially renovating or building a major addition onto your existing house, or on converting a non-residential property into a house.

GST/HST New Housing provides all of the details on this rebate.

Property Transfer Tax Exemptions

When you purchase or gain an interest in a property, there are many ways you may qualify to reduce the amount of tax you need to pay.

Learn more below about the available programs and the types of transfer that may qualify for an exemption.

Property Transfer Tax Exemptions