Dernière mise à jour le November 13th, 2020
Subsidies and tax credits for the purchase of a home or condo
Have you ever looked at a flyer a month after you bought a big item, like a computer, and found that there was a $200 discount on the same computer? It’s happened to me before and it’s quite frustrating. Now, imagine noticing a year too late that you were eligible for a subsidy that would have saved you thousands of dollars with the purchase of your home! Frustrating no!? I wrote this article specifically to avoid this frustration, I will describe all the possible subsidies and tax credits when purchasing a property.
There are many ways to save money when buying a property. Many of these programs or subsidies primarily favour first-time buyers, however there are several subsidies available to help people who have already purchased a home or condo. In fact, did you know that it is wrong to think that the Home Buyers’ Plan (HBP) only applies to the purchase of a first property? Under certain conditions, the Home Buyers’ Plan can be used several times. You’ll find out how later in the article.