Programs to help reduce Ontario, Canada home ownership costs!
First-time home buyers may be eligible for a 15 per-cent income tax credit for closing costs.
First-Time Home Buyers' Tax Credit
With-draw up to $25,000 from your registered retirement savings plan (RRSPs) to buy or build a qualifying home.
With as little as five per cent down payment, from personal or other sources (see link for eligible other sources), all home buyers have access to mortgage insurance enabling them to enter the housing market, as long as they can meet the standards for a five year fixed-rate mortgage.
Five Per Cent Down Payment Program
May be eligible to claim a rebate for a part of the HST you pay on the purchase price or cost of building your home
- First-time buyers of new and re-sale homes are eligible to receive rebates of the provincial land transfer tax. The maximum provincial land transfer tax (LTT) rebate for first-time buyers is $2,000.
Land Transfer Tax Rebates
- Learn about your rights and responsibilities as a condominium owner.
Ontario's Condo Guide
- This credit helps low- to moderate‑income individuals with property taxes and the sales tax on energy. The credit is part of the Ontario Trillium Benefit.
Ontario Energy and Property Tax Credit
- This credit helps low- to moderate-income individuals with the sales tax they pay. The credit is part of the Ontario Trillium Benefit.
Ontario Sales Tax Credit
- Energy-efficient homes can be linked to increased comfort and healthier living while improving energy efficiency reduces greenhouse gas emissions and lowers the cost of owning and maintaining your home. CMHC Green Home offers a premium refund of up to 25% to borrowers who either buy, build or renovate for energy efficiency using CMHC-insured financing.
CMHC Mortgage Loan Insurance Refund
For assistance buying your next home please call:
Edward Drennan at 289-838-5105 or visit my website
Not intended to solicit buyers and sellers currently under contract with another brokerage
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