Tools
Taxes & homebuyer benefits
Review Ontario costs and federal savings programs.
Ontario and Toronto
Budget for provincial land transfer tax and, for Toronto properties, municipal land transfer tax. Eligible first-time buyers may receive refunds. Residency, ownership history and how title is held can affect eligibility.
Estimate land transfer taxFederal savings programs
A First Home Savings Account can offer tax-deductible contributions and qualifying tax-free withdrawals. The Home Buyers’ Plan can allow eligible RRSP withdrawals, with repayment obligations. Definitions of a first-time buyer differ by program.
Review FHSA tax guidanceBuying in another province?
Transfer taxes, registration fees, rebates and insurance-premium taxes vary by province and municipality. Ashab’s tax calculator is scoped to Ontario; do not apply it to another province. Ask your closing lawyer for a local estimate before finalizing your budget.
New builds and other special cases
New-home sales taxes, rebates, non-resident taxes and builder adjustments can materially change cash required. Your purchase agreement and personal circumstances determine what applies. Have your lawyer or tax advisor verify the current rules and deadlines.