Which programs can I use?
| Program | Benefit | Who qualifies |
|---|---|---|
| FHSA | $8,000/yr, $40,000 lifetime, tax-deductible | First-time buyers 18+ |
| RRSP Home Buyers' Plan | Withdraw up to $60,000 | First-time buyers |
| First-time buyer GST rebate | Up to $50,000 on new homes up to $1M (partial to $1.5M) | First-time buyers of new homes |
| Quebec relief | Some municipalities, including Montreal, offer purchase assistance that offsets transfer duties | See provincial rules |
Federal programs checked October 7, 2026; confirm provincial eligibility with the province.
Land transfer tax relief
Quebec charges transfer duties, often called the welcome tax. For 2026 the standard brackets are 0.5% up to $62,900, 1% up to $315,000 and 1.5% above, with higher brackets in Montreal. Land transfer tax in Quebec
Get first-time buyer bids
Insured mortgages for first-time buyers can use a 30-year amortization. Post your purchase to get bids.
MBWritten by the MortgageBids.ca editorial team. Last updated October 7, 2026. General information only; your lender confirms terms for your file.
Sources
- CRA: First Home Savings Account (checked October 7, 2026)
- CRA: Home Buyers' Plan (checked October 7, 2026)
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