Assistance Programs

There are three programs to help you buy a house:


HBP

1- HBP

The Home Buyers’ Plan helps people who want to buy a home. There are several ways to take advantage of the various facets of this program. The most obvious one is withdrawing the amount of your down payment, up to $25,000, tax-free from your RRSP. Another way is to top up your down payment. Contact me to learn more!

Visit the government’s website for program details.


City of Montreal’s home purchase assistance program

2- City of Montreal’s home purchase assistance program

When you buy a property in Montreal, you may qualify for a grant from the City of Montreal, ranging from $5,000 to $15,000.

See program details on the City of Montreal website.


Income tax credit

3- Income tax credit

Did you know that when you buy your first home, you might be eligible for an income tax credit from the federal and provincial governments? This can result in a tax refund of up to $1,600!

Here are two links that explain these programs clearly:

Federal link for first home purchase income tax credit
Provincial link for first home purchase income tax credit

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