The CRA is now accepting applications for the First-Time Home Buyers’ GST/HST Rebate. Learn who may qualify, how to apply, key deadlines, and how buyers of new homes in Canada may save up to $50,000. What Is the First-Time Home Buyers’ GST/HST Rebate? This rebate may apply to: newly constructed homes substantially renovated homes owner-built homes homes built for personal use In practical terms, the rebate may provide a full or partial refund  of: the GST , or the federal por

A reverse mortgage is a special type of home loan designed for Canadian homeowners aged 55 and older. It allows you to turn a portion of your home equity into tax-free cash, all while staying in your home and without making monthly mortgage payments. In Ontario, reverse mortgages are regulated by federal lending rules and are offered mainly through HomeEquity Bank (CHIP Reverse Mortgage) and Equitable Bank (EQB Reverse Mortgage). What Is a Reverse Mortgage? A reverse mortgage

What is a HELOC? A HELOC (Home Equity Line of Credit)  is a revolving loan secured against your home’s equity. It works like a credit card. You can borrow, repay, and borrow again — but usually at much lower interest rates.   Who is it for? Ontario homeowners with at least 20% equity  in their property Those with stable income and good credit Investors or renovators needing flexible access to funds People looking to consolidate high-interest debt How do you benefit? ✅ Access

The First Home Savings Account (FHSA)  is a registered account that helps Canadians save for their first home  faster. It combines features of an RRSP and a TFSA: contributions are tax-deductible , and qualifying withdrawals to buy your first home are tax-free , including the investment growth. Key Benefits of an FHSA Tax-deductible contributions You can contribute up to $8,000 per year , to a lifetime maximum of $40,000 . Contributions reduce your taxable income, similar to

Managing Costs with Time-of-Use Rates: What Is It? Time-of-Use (TOU) pricing is an Ontario electricity price plan where what you pay per kWh depends on when you use power, not just how much.

What Is the OESP Program? The Ontario Electricity Support Program (OESP)  is a provincial program that gives eligible households an ongoing monthly credit directly on their electricity bill . It’s designed to help lower-income customers keep up with rising hydro costs, not as a one-time rebate, but as steady month-to-month support. As of March 1, 2024 , Ontario increased the income eligibility thresholds, meaning more households now qualify  and some existing participants may

Summary:  Is an omnibus law that amends a wide range of Ontario statutes, from planning and transit laws to the Residential Tenancies Act (RTA). The government frames it as a way to speed up housing and infrastructure construction, move people and goods faster, and reduce delays at the Landlord and Tenant Board so disputes are resolved more quickly. While it touches 16 different Acts, the most important changes for rental housing are in Schedule 12 , which amends the Resident