Government Grants 2021 2021

Canadian Home Grants (2021)

Availability:
Tax Break
Financial Aid
Down Payment
Tax Refund
Shared Equity

First Place Program (Edmonton)

Eligibility
Available:
Alberta
Type:
Financial Aid
Summary
This program develops vacant school building sites into townhouses. Homes are market priced with a 5 year deferral on the land portion of the mortgage, which makes the houses more accessible to first time homeowners.

First Time Homebuyers Incentive

Eligibility
Available:
Type:
Shared Equity
Summary
This program enables people to purchase their first home, offering 5-10 % of the home's price as a downpayment. This provision will lower your mortgage costs, which will make the home much more affordable.

First Time Home Buyers' Program

Eligibility
Available:
British Columbia
Type:
Tax Break
Summary
This program helps new homeowners to reduce or eliminate the amount of property transfer tax being paid. This grant is worth up to $8,000 depending on the market value of the individual property.

GST/HST New Housing Rebate

Eligibility
Available:
National
Type:
Tax Break
Summary
The CRA offers a rebate of the GST/HST paid for a newly built home, the materials required to build, and even certain renovations required.

Home Buyers' Amount

Eligibility
Available:
National
Type:
Tax Break
Summary
This grant is for first-time homeowners or homeowners with disabilities to claim up to $5,000 the first year of their home purchase.

Home Buyer’s Plan (HBP)

Eligibility
Available:
National
Type:
Tax Break
Summary
The HBP enables you to draw money from your RRSPs to buy or build a home for yourself or a disabled individual in your care. You are allowed to pay this back over a 15-year period, and may withdraw up to $35,000.

Home Ownership Program

Eligibility
Available:
Type:
Financial Aid
Summary

Land Transfer Tax Refunds for First-Time Homebuyers

Eligibility
Available:
Ontario
Type:
Tax Refund
Summary
This program is for first time homeowners who may be eligible for a full or partial refund of their land transfer tax. This refund is valued between $2,000- $4,000.

Newly Built Home Exemption

Eligibility
Available:
National
Type:
Tax Break
Summary
This program reduces or eliminates the amount of property transfer tax paid for owners of newly built homes. This exemption is worth up to $13,000 depending on the individual market value of the property.

PEI First-Time Home Buyer Transfer Tax

Eligibility
Available:
Prince Edward Island
Type:
Tax Break
Summary
If you're buying your first home in Prince Edward Island, this program waives the Property Transfer Tax on your property purchase.

The Peak Initiative

Eligibility
Available:
Alberta
Type:
Down Payment
Summary
This grant is a down payment assistance program made to help middle income families buy for a new home. The goal of the PEAK program is to help Albertans enter the housing market.