The Biden administration has proposed a new initiative to support first-time homebuyers through a $10,000 tax credit. This proposal aims to ease the financial burden of purchasing a home amid rising housing costs. While the credit has not yet been enacted into law, the initiative has garnered significant attention as a potential solution to the … Read more
Buying a home in Canada has become increasingly challenging due to rising prices and high interest rates. However, first-time home buyers can take advantage of two key financial tools—the First Home Savings Account (FHSA) and the Home Buyers’ Plan (HBP) via a Registered Retirement Savings Plan (RRSP). These programs offer tax advantages and help buyers … Read more
As Canadian homeowners navigate the ever-changing landscape of housing costs, it is essential to leverage available tax incentives to maximize savings. In 2025, several programs offer financial relief for first-time buyers, renovators, and those making accessibility improvements to their homes. Here’s a breakdown of the key tax incentives available this year. 1. Home Buyers’ Amount … Read more