Housing guides
Explainers for Canada, with named sources and checked dates where available.
All 5 guides
Explainer2 min
The Home Buyers' Plan permits qualifying RRSP withdrawals with a repayment period, including temporary relief that delays the first repayment year.
Source: CRA, Home Buyers' Plan · Checked
Explainer2 min
The home accessibility tax credit and multigenerational home renovation tax credit have different purposes and qualifying expense limits.
Source: Department of Finance Canada, Report on Federal Tax Expenditures 2026 · Checked
Explainer1 min
The home buyers' amount is a non-refundable federal tax credit with qualifying-home and first-time-buyer conditions, plus disability exceptions.
Source: CRA, Home buyers' amount · Checked
Explainer2 min
FHSA participation room is $8,000 in the first year you open an account. A qualifying withdrawal for a first home is tax-free and does not have to be repaid.
Source: Canada Revenue Agency, First Home Savings Account · Checked
Explainer1 min
A mortgage stress test assesses affordability at a qualifying rate above the offered contract rate in some cases. Qualifying does not set the interest rate charged.