What is the First Time Home Buyer Incentive?
Key takeaways
- The First-Time Home Buyer Incentive has been discontinued.
- No new approvals will be granted after March 31, 2024.
- There are 2 national homebuying programs and other programs and incentives available which vary from province to province.
What's next?
See if you qualify for other programs for first time home buyers, such as the RRSP home buyer plan and First Time Homebuyer Tax Credit.
- If you’re unsure if you qualify for these or other programs, you may want to contact your advisor to find out more.
The information provided is based on current laws, regulations and other rules applicable to Canadian residents. It is accurate to the best of our knowledge as of the date of publication. Rules and their interpretation may change, affecting the accuracy of the information. The information provided is general in nature, and should not be relied upon as a substitute for advice in any specific situation. For specific situations, advice should be obtained from the appropriate legal, accounting, tax or other professional advisors.