Guide · Calgary new builds
First-Time Home Buyer Incentives in Alberta (2025)
Complete guide to FHSA, HBP, tax credits, and GST rebates. Stack these programs correctly to maximize your buying power.
Potential Savings Summary
First-time buyers can access up to $100,000+ in tax-advantaged funds and receive $15,000+ in rebates and credits.
First Home Savings Account (FHSA)
The most powerful savings vehicle for first-time buyers.
- Annual limit: $8,000/year
- Lifetime limit: $40,000
- Contributions: Tax-deductible (like RRSP)
- Withdrawals: Tax-free (like TFSA)
- Repayment: Not required
Home Buyers' Plan (HBP)
Withdraw from your RRSP tax-free for a home purchase.
- Withdrawal limit: $60,000 per person
- Couples: $120,000 combined
- Repayment: Over 15 years, starting year 5
First-Time Home Buyer Tax Credit
- Credit amount: $10,000
- Tax savings: $1,500 (15% of credit)
- When claimed: Tax return for year of purchase
Alberta Advantage: No Land Transfer Tax
Alberta has NO provincial land transfer tax!
This saves buyers thousands compared to other provinces.
Related Resources
Source note
- Sources
- Jurisdiction
- Alberta, Canada (Calgary and surrounding municipalities)
- Applies to
- New construction homes purchased from a builder in Calgary and the surrounding Alberta municipalities.
- Last reviewed
- 2026-09-03
- Limitations
- General information written for Alberta buyers. It does not describe any specific builder's contract, any specific lot, or your financial situation.
- What you should verify
- The exact wording of your purchase agreement, the builder's current incentive sheet, warranty enrolment for the specific home, and any figure you intend to rely on.
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