First Time Home Buyer Incentive–The government introduced theFirst Time Home Buyer Incentiveto help first-time owners with their downpayment, as long as they share ownership and any earnings when they sell their home. In exchange for home equity, the government will contribute 5% or 10% of th...
First-Time Home Buyer Incentive Program: Some first-time home buyers may be eligible for an incentive program offered through the Government of Canada. ThisFirst-Time Home Buyer Incentive programis a shared equity mortgage, which means the government of Canada will help you finance part of your ...
Be a first-time home buyer and reside in Canada at the time of your withdrawal. Have a written agreement to buy or build a home in Canada before October 1 in the year after the year of withdrawal. For example, if you plan to withdraw your FHSA funds on December 1, 2025, you’ll ...
and a first-time home buyer.[3]In the context of opening an FHSA, an individual is considered to be a first-time home buyer if at any time in the part of the calendar year before the account is opened, or at any time in the preceding four years, they or their spouse or common...