The federal government offers a range of Buyer assistance programs to help homebuyers.

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 Agency’s (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
• 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