First Time Home Buyer Rebates & Incentives in Ontario, Canada: Benefits & Tax Credit 2023+

Rebates & Incentives are very important if you are first time home buyer.

In Canada there are various Rebates & Incentives available for first time home buyers.

But many first time home buyers are not aware of the rebates. First time home buyer incentive plan are available to everyone whether you are living in Ontario or any other province of Canada. But because Ontario has many other rebates I wanted to share with you the rebates that you can benefit from if you are a first-time home buyer in Ontario or specifically in Toronto.

Chapters:
0:00 Introduction
0:33 Provincial & Municipal Land Transfer Tax
02:21 First-Time Home Buyers’ Tax Credit (HBTC)
02:48 RRSP under Home Buyers' Plan (HBP)
03:33 First-Time Home Buyer Incentive (FTHBI)

Ontario Land Transfer Tax

Ontario Land Transfer Tax Refund Affidavit for First-Time Purchasers of Eligible Homes

Municipal Land Transfer Tax (MLTT) for Toronto

First-Time Home Buyers’ Tax Credit (HBTC)

RRSP under Home Buyers' Plan (HBP)

First-Time Home Buyer Incentive (FTHBI)

Reference:

Trudeau promises new incentives worth billions and a tax on 'flipping' to help Canadians buy a home

Ontario increases tax refund for first-time home buyers

CTV News

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DISCLAIMER:
This video is for educational purpose only. You should conduct your own research before making any decision.

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