New Brunswick First Time Home Buyer Programs Explained (FHSA, HBP, Tax Credits)

Most first-time home buyers in New Brunswick assume incentive programs are built for someone else, but skipping the conversation could mean leaving thousands of dollars on the table. In this video, we break down the major active buyer programs available in New Brunswick right now, including the First Home Savings Account (FHSA), the Home Buyers' Plan (HBP), and federal tax credits. Learn how individual buyers and couples can stack these programs together before ever touring a home. Key Highlight: Couples buying together can stack up to $100,000 tax-free toward their down payment using their FHSAs and RRSPs! ⏱️ Timestamps 0:00 | The Big Myth About First-Time Buyer Programs 0:41 | Option 1: The First Home Savings Account (FHSA) 1:08 | Option 2: The Home Buyers' Plan (RRSP HBP) 1:25 | Stacking Up to $100,000 as a Couple 1:35 | Warning: Phased-Out Programs to Ignore 1:49 | Option 3: First-Time Home Buyers' Tax Credit & Housing NB 2:15 | How to Plan Your Timeline in Greater Moncton 📌 Key Takeaways & Program Breakdown First Home Savings Account (FHSA): Contribute up to $8,000 per year ($40,000 lifetime limit). Lower your taxable income today and withdraw funds tax-free for your purchase. Home Buyers' Plan (HBP): Withdraw up to $60,000 tax-free from your RRSP toward your down payment. First-Time Home Buyers' Tax Credit: Claim $10,000 on your tax return for the year you buy, putting up to $1,500 back in your pocket. Housing NB: Provincial assistance available for qualified low-to-moderate income households. 📅 Thinking of Buying in Moncton, Dieppe, or Riverview? These programs are step-one work before you tour a single property. Let's map out your timeline together! 👉 Book a Free 30-Minute Consultation with Me: https://tidycal.com/richardwontorra/3... Disclaimer: For personal tax specifics or program eligibility details, always consult with a qualified accountant and financial advisor in New Brunswick. #NewBrunswickRealEstate #FirstTimeHomeBuyer #FHSA #MonctonRealEstate #Dieppe #Riverview #CanadianRealEstate #HomeBuyingTips