First-Time Home Buyer Calculator
Estimate your total first-time home buyer benefits in Canada — the Home Buyers’ Amount credit, FHSA tax savings, and provincial/municipal land transfer tax rebates.
Your Purchase
The price of the qualifying first home you're buying.
Land transfer tax rebates vary widely by province; we model the two largest FTHB schemes here.
Up to $8,000/year ($40,000 lifetime). Contributions are tax-deductible.
Combined federal + provincial rate, used to estimate your FHSA deduction refund.
Excludes the federal Home Buyers' Plan (RRSP $60,000 withdrawal) — that has its own calculator. Rates verified June 2026.
Results
Total First-Time Buyer Benefit
HBTC credit + FHSA tax saving + land transfer tax rebates
Home Buyers' Amount
$10,000 × 15% federal credit (line 31270)
FHSA Tax Saving
30% on a $8,000 contribution
Land transfer tax
The HBTC is a one-time credit on your tax return. The FHSA saving repeats each year you contribute (up to $40,000 lifetime), and the account also grows tax-free with withdrawals tax-free for a first home.
Estimates based on 2026 federal and provincial rules verified June 2026: HBTC ($10,000 × 15%), FHSA ($8,000/yr, $40,000 lifetime), Ontario LTT ($4,000 rebate), Toronto MLTT ($4,475 rebate) and BC PTT first-time exemption (to $835,000 FMV). Excludes the Home Buyers’ Plan, GST/HST new-housing rebates, CMHC insurance and provinces other than ON and BC. Confirm with the CRA and your provincial finance authority.
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Frequently asked questions
What is the Home Buyers’ Amount (HBTC)?
It is a federal non-refundable tax credit claimed on line 31270. You claim up to $10,000, multiplied by the lowest federal rate of 15%, for a credit of up to $1,500. Couples can split the $10,000 but the combined claim cannot exceed it. Because it is non-refundable, it only helps if you owe federal tax.
How much can I put in an FHSA?
The First Home Savings Account allows $8,000 per year up to a $40,000 lifetime limit. Contributions are tax-deductible like an RRSP, and qualifying withdrawals for a first home are tax-free like a TFSA. Unused annual room carries forward (up to $8,000). At a 30% marginal rate, an $8,000 contribution saves about $2,400 in tax that year.
What land transfer tax rebate do Ontario first-time buyers get?
First-time buyers in Ontario get a provincial land transfer tax refund of up to $4,000, fully covering the tax on homes up to about $368,000. In the City of Toronto there is also a municipal land transfer tax, with a separate first-time buyer rebate of up to $4,475 (full municipal tax to $400,000) — up to $8,475 combined.
How does the BC first-time buyer exemption work?
BC fully exempts the Property Transfer Tax on qualifying homes with a fair market value up to $835,000, then phases the exemption out to nil at $860,000. BC PTT itself is 1% on the first $200,000, 2% to $2 million, and 3% above, so the exemption can be worth roughly $8,000.
Does this include the Home Buyers’ Plan (RRSP)?
No. The federal Home Buyers’ Plan lets you withdraw up to $60,000 from an RRSP per person and has its own calculator on this site. It stacks on top of the HBTC, FHSA and land transfer tax rebates shown here.