Chloé Sauvé
  • Home
  • Listings
  • Selling
    • Selling Process
    • Pricing Your Home
    • Costs of Selling
    • Selling Tips
    • Documents Needed
    • Certificate of Location
    • What's Included
    • Free Evaluation
  • Buying
    • Buying Process
    • Criteria to Consider
    • Costs of Buying
    • Buying Tips
    • Homeownership Incentives
    • Financing
    • Inspection
    • Notary
    • Renovations
    • New Listing Alert
  • Moving
  • About Us
  • Contact Us
  • FR
  • More
    • Home
    • Listings
    • Selling
      • Selling Process
      • Pricing Your Home
      • Costs of Selling
      • Selling Tips
      • Documents Needed
      • Certificate of Location
      • What's Included
      • Free Evaluation
    • Buying
      • Buying Process
      • Criteria to Consider
      • Costs of Buying
      • Buying Tips
      • Homeownership Incentives
      • Financing
      • Inspection
      • Notary
      • Renovations
      • New Listing Alert
    • Moving
    • About Us
    • Contact Us
    • FR
Chloé Sauvé
  • Home
  • Listings
  • Selling
    • Selling Process
    • Pricing Your Home
    • Costs of Selling
    • Selling Tips
    • Documents Needed
    • Certificate of Location
    • What's Included
    • Free Evaluation
  • Buying
    • Buying Process
    • Criteria to Consider
    • Costs of Buying
    • Buying Tips
    • Homeownership Incentives
    • Financing
    • Inspection
    • Notary
    • Renovations
    • New Listing Alert
  • Moving
  • About Us
  • Contact Us
  • FR

GOVERNMENT HOMEOWNERSHIP INCENTIVES

First-Time Home Buyer Incentive

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. 

Find out more

Home Buyers' Amount

To assist first-time homebuyers with the costs associated with the purchase of a home, including legal fees, disbursements and land transfer taxes, the Government of Canada introduced a tax credit for first-time homebuyers. It represents a $5,000 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. 

Find out more

Home Buyers' Plan

This plan allows you to withdraw up to $35,000 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.

Find out more

GST/HST New Housing Rebate

You may qualify for this rebate allowing to recover 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.

Find out more

Home Buyer's Tax Credit

You may be entitled to this tax credit if you were a resident of Quebec on December 31 of the year covered by the claim and you meet the Government of Québec's eligibility requirements. 

Find out more

First-Time Home Buyer Incentive Program

Download PDF

Sources: CMHC, Canada Revenue Agency, Revenu Québec. Information taken off their respective websites as of June 1, 2021

The content of this site is for information purposes only and should not be regarded as legal advice. It is comprised of the real estate broker's opinion and is deemed reliable, but not guaranteed. 

Copyright© 2021 - All Rights Reserved

  • Home
  • Listings
  • Selling
  • Buying
  • Moving
  • About Us
  • Contact Us
  • FR

This website uses cookies.

We use cookies to analyze website traffic and optimize your website experience. By accepting our use of cookies, your data will be aggregated with all other user data.

DeclineAccept