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Government of Canada Programs to Support Homebuyers

08 Oct 2019

The federal government provides tax credits and incentives for new home owners.

The First-Time Home Buyer Incentive helps first-time homebuyers without adding to their financial burdens. Eligible first-time homebuyers who have the minimum down payment for an insured mortgage can apply to finance a portion of their home purchase through a shared equity mortgage with the Government of Canada. 

The First Time Home Buyers Tax Credit offers a $5,000 non-refundable income tax credit amount on a qualifying home acquired after January 27, 2009. For an eligible individual, the credit will provide up to $750 in federal tax relief.

Click here for more information.


Lucille Acs

Real Estate Broker