GOVERNMENT INCENTIVES

CMHC Purchase Plus Improvements
Mortgage funds plus funds for major renos and other improvements.

CMHC to Insure 30 Year Mortgages on Pilot Basis
Program designed to make housing more affordable to more buyers.

Five Percent Down Payment Program
Mortgage Insurance available to both first time and repeat home buyers.

Land Transfer Tax Rebates (Provincial and Toronto)
First Time Homebuyers of New & Resale Homes to receive rebates.

Second Suites Legal in Toronto
If certain criteria met, second suites in Toronto now legal.

Residential Rehabilitation Assistance Program
Help to renovate up to basic health and safety standards.

HST New Housing Rebate
Claiming a rebate for HST on New Construction.

First-Time Home Buyers’ Tax Credit
First-Time Home Buyers may be eligible for a 15% income tax credit for closing costs.

EnerGuide for Houses Retrofit Grant
Grant to homeowners who renovate to improve energy efficiency.

RRSP Home Buyers Plan
Increases to withdrawal limits to further assist first time home buyers.

Home Renovation Tax Credit
Homeowners may be eligible for a 2009 tax credit of up to 15% on home renovations.