- Federal Government Helping Canadians buy their first home by introducing the Tax-Free First Home Savings Account to allow first-time home buyers to save up to $40,000; doubling the First-Time Home Buyers’ Tax Credit to $10,000, providing up to $1,500 in direct support to home buyers; extending the First-Time Home Buyer Incentive to March 31, 2025, to allow first-time home buyers to lower their borrowing costs; and investing $200 million to help develop and scale up rent-to-own projects across Canada.
Source: REBGV
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