Here are some point to guide you through the first time buyer experience, please do go over it as best as possible, and I’ll explain it when we meet:
Purchase Process from Start to End
- The entire purchase process in brief and point form. Please click here.
Costs that You can Expect
- Additional costs that you need to consider before visiting properties. Please click here.
First-Time Buyer Financial Incentives
- RRSP Home Buyers’ Plan
- you may borrow up to $35,000 tax-free from your RRSP
- Land Transfer Tax Rebate for First Time Home Buyers
- In Ontario (up to $4,000)
- In Toronto (up to $4,475)
- Land Transfer Tax Calculator
- First-Time Home Buyer’s Tax Credit ($750)
- GST/HST New Housing Rebate (up to $6,300)
- If you are purchasing a pre-built home, you could qualify for a rebate a portion of the sales tax
RRSP Home Buyers’ Plan | First-Time Home Buyer’s Tax Credit |
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Land Transfer Tax Rebate for First Time Home | HST / GST Rebate for First Time Buyers |