Manitoba Homebuyer Programs & Incentives 2025

Every program, rebate, and incentive available to Manitoba homebuyers in 2025 — federal and provincial combined.

Manitoba Homebuyer Programs at a Glance

Program	Benefit	Max Value
Manitoba LTT First-Timer Rebate	Full LTT rebate	$8,250
First Home Savings Account (FHSA)	Tax-free savings + deduction	$40,000 lifetime
Home Buyers' Plan (RRSP)	Tax-free RRSP withdrawal	$35,000/person
Home Buyers' Tax Credit	Federal tax credit	$1,500
Manitoba Education Property Tax Credit	Annual property tax offset	$700/year
GST/HST New Housing Rebate	Rebate on new build GST	Up to $6,300

1. Manitoba Land Transfer Tax Rebate — Up to $8,250

Manitoba's most impactful homebuyer program is the first-time buyer land transfer tax rebate. First-time buyers receive a full rebate of all LTT paid, up to $8,250. Since the average Winnipeg home price is around $380,000, most first-time buyers pay zero land transfer tax. The rebate is applied automatically at closing through your real estate lawyer — no separate application required.

Eligibility: First-time buyer, Canadian citizen or PR, must occupy as principal residence within 9 months, property must be in Manitoba.

2. First Home Savings Account (FHSA)

The FHSA is the federal government's most powerful homebuyer tool, introduced in 2023. Key features:

• Contribute up to $8,000 per year, lifetime max $40,000
• Contributions are tax-deductible (reduces your taxable income like an RRSP)
• Withdrawals for a qualifying home purchase are completely tax-free
• Unused room carries forward one year
• Can be combined with the Home Buyers' Plan

A Manitoba couple each opening an FHSA can accumulate $80,000 tax-free for a down payment — a massive advantage for first-time buyers.

3. Home Buyers' Plan — Up to $35,000 from RRSP

First-time buyers can withdraw up to $35,000 from their RRSP tax-free for a qualifying home purchase. Couples can access up to $70,000 combined. The withdrawal must be repaid over 15 years to avoid tax consequences. Can be used in conjunction with the FHSA for maximum down payment accumulation.

4. Home Buyers' Tax Credit — $1,500

A federal non-refundable tax credit worth $1,500 (15% of $100). Claimed on your income tax return in the year of purchase. Applies to any qualifying home in Manitoba — new or resale. Both spouses can claim if they jointly own the home.

5. Manitoba Education Property Tax Credit — $700/Year

Manitoba homeowners can claim up to $700 per year through the Education Property Tax Credit on their provincial income tax return. This partially offsets annual property tax payments and applies every year you own your home — not just the year of purchase.

6. GST/HST New Housing Rebate

If you purchase a newly built home in Manitoba, you may qualify for a partial rebate of the GST paid on the purchase price. The rebate phases out for homes above $450,000. Manitoba applies provincial tax differently, so check with your builder or lawyer for the exact rebate on your new construction purchase.

Stacking Manitoba Homebuyer Programs

These programs can be used together. A Manitoba first-time buyer who has maximized their FHSA ($40,000) and uses the Home Buyers' Plan ($35,000) has a $75,000 down payment — enough for a 20% down payment on a typical Winnipeg home with zero CMHC insurance, plus they pay zero land transfer tax thanks to the rebate. This represents tens of thousands in savings compared to buyers who don't use available programs.