Research Government Programs

RESEARCH GOVERNMENT PROGRAMS 

The federal government has assistance programs to help homebuyers. 

Research government program requirements to see if you are eligible. 

 

FIRST-TIME HOME BUYERS TAX CREDIT 

A $5,000 non-refundable income tax credit on a qualifying home. The credit provides up to $750 in tax relief to assist first-time buyers with purchase costs. For more information, check the Canada Revenue Agencys (CRA) website: www.cra-arc.gc.ca

 

HOME BUYERS’ PLAN 

A one-time withdrawal up to $25,000 from a Registered Retirement Savings Plan (RRSP) by first-time buyers to help purchase or build a home. Generally, you have to repay all withdrawals from your RRSP within 15 years. For more details, visit CRA’s website at: www.cra-arc.gc.ca

 

CMHC GREEN HOME PROGRAM 

When you use CMHC-insured financing to buy or build an energy efficient home or make energy-saving renovations, you may qualify for a premium refund of 10% on your mortgage default insurance and a premium refund for a longer amortization period (if applicable). Check out CMHC’s website for more information: www.cmhc.ca

Recent Posts

Salon de l’immigration 2023

Salon de l’immigration 2023

Moving to Montreal

Moving to Montreal

  • +1 (514) 424-7014
  • info@innolinkcanada.com
  • 1485 Rue Saint-Jacques, Montréal, QC H3C 6L7