Buying your first home is one of the largest investments of your life. If you plan to buy a home, there are programs offered by the Government of Canada that can help you become a homeowner.

 

First-Time Home Buyer Incentive (NEW)
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.

Visit the First-Time Home Buyer Incentive for more details.

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First-Time Home Buyers' (FTHB) tax credit
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 the FTHB Tax Credit in 2009. It represents a $5,000 non-refundable income tax credit amount on a qualifying home acquired after January 27, 2009. For an eligible individual, the credit will provide up to $750 in federal tax relief.
To find out if you are eligible, please visit the Home Buyers’ Credit webpage.
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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. 
Review the Home Buyers' Plan for more information.