Calculators For first-time buyers
For first-time buyers
For first-time buyers
Your first-time buyer benefits
Everyone lists the programs. The honest part nobody shows you is WHEN each dollar actually arrives. This tool splits your benefits into three buckets: cash you can have before closing, money credited at closing, and money that only arrives later.
Your purchase
Built for first-time buyers. Everything stays on your device.
$
Registered savings you can use
You
$
max $60k
$
Your partner
$
max $60k
$
New build tax relief
unlocks the enhanced rebate
if not, you claim it back from the CRA after
1 · Cash before closing$0
FHSA and HBP. The only money you can use for your down payment.
2 · Credited at closing$0
Your lawyer applies these on closing day. They lower what you pay, not cash in hand.
3 · Arrives later$0
Next tax return or a CRA claim after closing. Never budget this as closing cash.
Total benefits across all three$0
Only bucket 1 is down-payment money. Never budget bucket 3 as closing cash.
Jay Patel
REALTOR® · GTA
These programs changed a lot in 2026 and the forms are still rolling out. Send me your situation and I will help you line them up in the right order, with your accountant and lawyer on the specifics.
A quick, honest note. This is an educational estimate, not tax or legal advice, and eligibility for each program has its own rules. The tax content was reviewed with an accountant, but these programs changed a lot in 2026 and the CRA forms are still rolling out through mid-2026, so figures and timing can shift. New home GST and HST relief applies to new builds only, never resale, and often depends on your agreement date and who claims it. Confirm your own situation with an accountant, and let your real estate lawyer handle the land transfer tax rebates and the rebate clauses in your agreement.