We wanted to let you know about the new First Home Saving Account, and remind you of the Home Buyer's Amount Tax Credit, in addition to, other valuable home owner and buyer rebates and incentives.

First Home Savings Account

Qualifying first-time buyers can contribute up to $8,000 yearly to a maximum of $40,000 towards a downpayment. Contributions are tax deductible and also the capital gains (earnings) and interest are tax-free. This can be used in conjunction with the Home Buyers’ Plan. View details.

Home Buyers' Amount Tax Credit

This program is intended to help first-time buyers with the costs associated with buying a home. Qualifying buyers can claim up to $5,000 on their income tax which can create a tax savings of up to $750. View details.

Home Owner & Buyer Rebates

View more home owner and buyer rebates and incentives.

Contact us if you have any questions.

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