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Home Purchase

Incentives for First Time Home Buyers

As a first time buyer you are only required to put 5% as a down payment towards the purchase price of a home. You may also qualify to use up to $25,000 of your RRSP’s tax free.

The Government of Canada also introduced the First Time Home Buyers (FTHB) Tax Credit in 2009, a non-refundable income tax credit on a qualifying home. For eligible individuals, this credit can also provide up to $750 in federal tax relief.

Check out our Blog for First Time Home Buyer Resources.

For more info fill out the form to the right, call 1-866-963-CMGC (2642), or connect with one of our agents.

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