Welcome to my channel, In today's video, we'll be talking about the 9 incentives that first-time home buyers have in Canada.

Buying your first home can be a daunting experience, especially when you consider the high prices of real estate in some of Canada's major cities. However, there are a number of incentives available to first-time home buyers that can help make the process more affordable.

Time stamps
00:00 - Intro
01:01 - The 5% Downpayment
03:15 - New to Canada program
07:38 - First time home buyer incentive
11:09 - Purchase + Improvement
13:55 - Land Transfer Tax Rebate
14:54 - Home buyers plan
17:53 - FHSA (First home savings account)
19:38 - Home Buyers Tax Credit
20:02 - GST/HST New Housing Rebate
20:34 - Final thoughts and closing.
I am a licensed mortgage agent M21004312 working with Dominion lending centres, Valko Financial FSRA13047. I work with over 60 lenders including the top banks to provide an array of mortgage products that are suited to your needs. I can help you with your housing needs across all provinces in Canada (except Quebec).

I help First time home buyers & investors make smart realestate decisions based on numbers and not emotion. Want to book a call 👇 (It's free 🥳)
https://www.growwithnav.com/book-a-call

Important links:

1. The 5% down: https://www.canada.ca/en/financial-consumer-agency/services/mortgages/down-payment.html

2. New to Canada: https://www.sagen.ca/ups/product-specific-underwriting-guidelines/#new-to-canada-program

3. First time home buyer Incentive: https://www.cmhc-schl.gc.ca/en/consumers/home-buying/first-time-home-buyer-incentive

4. Purchase + improvement: https://dominionlending.ca/mortgage-tips/purchase-plus-improvements-mortgage

5. Land transfer tax rebate: https://globalnews.ca/news/3065836/ontario-land-transfer-tax-rebate-doubled-to-4000-for-first-time-homebuyers/

6. Home buyers plan: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-home-buyers-plan.html

7. FHSA: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account.html

8. Home buyers tax credit: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-31270-home-buyers-amount.html

9. GST/HST new housing rebate: https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4028/gst-hst-new-housing-rebate.html

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MORE ABOUT ME 👇
My mission is to provide you with actionable content that enables you to build your wealthand live up to your potential. I came to Canada with my wife (Simran), during the pandemic in 2020, started with very little money, no job - to today, where I recently quit my job after building my side hustle to a cool 6-figures in revenue. I have met so many amazing people and mentors along the way, and I want to bring everything that I have learnt and continue to learn to you via this channel.

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

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