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PUTTING YOUR HOME TO WORK


Homes are expensive, isn't it time yours started paying off? Here are 25 grants and rebates offered to property buyers and owners that can help your home do just that.

1. Home Buyers’ Plan

Qualifying home buyers can withdraw up to $25,000 (couples can
withdraw up to $50,000) from their RRSPs for a down payment. Home
buyers who have repaid their RRSP may be eligible to use the program
a second time. Canada Revenue Agency.

www.cra.gc.ca. Search ‘Home Buyers’ Plan’
1.800.959.8287

2. GST Rebate on New Homes

New home buyers can apply for a rebate of the federal portion of
the HST (the 5% GST) if the purchase price is less than $350,000. The
rebate is up to 36% of the GST to a maximum rebate of $6,300. There is
a proportional GST rebate for new homes costing between $350,000 and
$450,000.Canada Revenue Agency.

www.cra.gc.ca. Search ‘RC4028’
1.800.959.8287

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