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February 16, 2023
Question

Can I claim the "First-time home buyer incentive" if my down payment is more than 20%?

  • February 16, 2023
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    1 reply

    February 16, 2023

    We would need more information to help you. To find out if having more than 20% as a down payment on your new home makes a difference on any of the credits available, please contact the Canada Revenue Agency at 1-800-959-8281.

     

    For more information about the credits available, please see our TurboTax articles and FAQs below.

    The Difference Between the Home Buyers’ Amount and the Home Buyers’ Plan 

    Am I Eligible for the Home Buyers’ Plan (HBP)?

    Home Tax Deductions & Tax Credits for Canadian Homeowners

     

    Thank you for choosing TurboTax.