Quick answer: Ontario first-time buyers may be able to use several different programs, but eligibility definitions and deadlines are not identical. The main established programs include the Ontario land-transfer-tax refund, the federal First Home Savings Account and the Home Buyers’ Plan.
Last verified: September 15, 2026
Ontario land-transfer-tax refund
Eligible first-time homebuyers may receive a refund of Ontario land transfer tax, up to the current provincial maximum. Eligibility includes rules about prior home ownership, occupancy, age and immigration status. Buyers purchasing in Toronto should separately investigate the municipal land-transfer-tax rebate.
See the Ontario government’s eligibility page and OHI’s Ontario land-transfer-tax guide.
First Home Savings Account
An FHSA combines features of registered retirement and tax-free savings accounts. Eligible individuals can generally contribute up to the annual limit, subject to a lifetime limit, and may make a qualifying withdrawal for a first home. Account-opening dates, participation periods, contribution room and withdrawal requirements matter, so buyers should confirm the current CRA rules.
Review the current FHSA rules on Canada.ca.
Home Buyers’ Plan
The HBP may allow an eligible participant to withdraw up to the current limit from RRSPs to buy or build a qualifying home. As of the verification date, the stated limit is $60,000. Repayment rules apply, and recent RRSP contributions can create deduction issues.
Review the current Home Buyers’ Plan rules.
Can the FHSA and HBP be used together?
Eligible buyers may be able to use both for the same qualifying purchase. That does not mean every buyer should automatically do so. Tax consequences, repayment obligations, timing and long-term savings goals should be discussed with a qualified tax or financial professional.
New-home HST rebates
New and substantially renovated homes can involve separate federal and Ontario rebate programs. Ontario and federal governments have also announced or implemented changes affecting qualifying transactions. Because eligibility can depend on the agreement date, construction dates, occupancy and enacted regulations, buyers should verify the current CRA and Ontario rules for the exact transaction rather than relying on a general summary.
OHI’s new-construction guide explains other upcoming buyer changes.
Costs these programs may not cover
- Legal fees and disbursements
- Home inspection and appraisal costs
- Title insurance
- Adjustments for taxes, utilities or condo fees
- Moving, repairs and immediate maintenance
Review OHI’s guides to closing day and Ontario property taxes.
Official sources
Frequently asked questions
Who counts as a first-time buyer?
Definitions differ among the FHSA, HBP and land-transfer-tax refund. A person may qualify for one program but not another. Marital status, prior ownership and occupancy history can all matter.
Can two eligible buyers each use benefits?
Some programs apply individually, while transaction-level caps or ownership shares may affect the result. Buyers should obtain tax and legal advice based on how title will be held.
When should eligibility be confirmed?
Before relying on a benefit in the purchase budget. Account opening, contribution, agreement and occupancy dates can affect eligibility, and announced programs may require final legislation or regulations.
General information only: Program rules change and individual eligibility is fact-specific. This is not tax, financial, mortgage or legal advice.