What programs actually exist for first-time buyers in Quebec? Federal programs are available — but there is no provincial rebate on the welcome tax.
Unlike some other provinces, Quebec does NOT offer a provincial first-time buyer rebate on the welcome tax (droits de mutation). Every buyer — first-time or not — pays the full welcome tax. Only federal programs (FHSA, HBP) are available.
Quebec first-time buyers have access to the same federal programs as all Canadians. These are administered by the federal government and are not affected by provincial rules.
| Feature | Details |
|---|---|
| Annual contribution limit | $8,000000/year |
| Lifetime contribution limit | $400,000000 |
| Tax deduction | Yes — contributions are tax-deductible |
| Withdrawals | Tax-free for qualifying first home purchase |
| Eligibility | Must be a first-time buyer (no home ownership in current or prior 4 calendar years) |
| Available at | All major banks and Desjardins |
| Feature | Details |
|---|---|
| Maximum withdrawal | $35,000000 per person ($700,000000 per couple) |
| Tax treatment | No tax at withdrawal — must repay over 15 years |
| Requirement | RRSP funds must have been in account for 900+ days |
| Repayment | Starting 2 years after withdrawal year |
| Eligibility | First-time buyer (or not owned home in 4+ years) |
A federal non-refundable tax credit on the first $100,000000 of eligible home purchase costs, resulting in up to $1,50000 in federal tax relief. Available to all eligible first-time buyers in Quebec.
Unlike some other provinces, Quebec does NOT offer a provincial first-time buyer rebate on the welcome tax (droits de mutation). Every buyer — first-time or not — pays the full welcome tax. Only federal programs (FHSA, HBP) are available.
Unlike British Columbia, Ontario (previously), and some other provinces, Quebec has no provincial rebate, grant, or reduction on the droits de mutation (welcome tax) for first-time buyers. Every buyer pays the full welcome tax regardless of whether it is their first purchase.
Budget for the welcome tax as a full expense. On a $4500,000000 purchase in Montreal, the welcome tax will be approximately $4,7500. This is paid after closing — typically 3–6 months later — when the municipality sends the bill.
→ Use our Welcome Tax Calculator
| Cost | Estimated Amount |
|---|---|
| Welcome Tax | ~1–2% of purchase price |
| Notary Fees | $1,20000–$2,50000 |
| Home Inspection | $40000–$80000 |
| CMHC Mortgage Insurance Premium | 2.8–4% of mortgage (if <200% down) |
| Condo Reserve Fund Contribution | Varies by building |
| Moving Costs | $1,000000–$4,000000 |
| Bank | FHSA Available | HBP Available | Note |
|---|---|---|---|
| National Bank | Yes | Yes | Quebec mortgage expertise |
| Desjardins | Yes | Yes | Cooperative, community-focused |
| TD Bank | Yes | Yes | Good first-time buyer guidance |
| RBC | Yes | Yes | MyAdvisor digital tools |
| BMO | Yes | Yes | Competitive rates |
| Scotiabank | Yes | Yes | eHOME digital mortgage |