Welcome To Terra Home Renovations Home Renovation and Remodeling Articles - Ontario Home Grants

Update March 15th, 2026 - Ontario checklist for home buyers, homeowners, mortgage help, and seniors



Below is a list of Ontario Home Grants & Credits For Seniors

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First-time home buyers

Check these first:

FHSA — First Home Savings Account

Lets eligible first-time buyers contribute with a tax deduction and later withdraw tax-free for a qualifying first home. Current participation room starts at $8,000 in the first year you open one.

Home Buyers’ Plan (HBP)

Lets you withdraw up to $60,000 from your RRSP to buy or build a qualifying home.

Federal Home Buyers Amount

A federal non-refundable tax credit. Eligible buyers can claim up to $10,000.

Federal first-time home buyers’ GST/HST rebate on new homes

For qualifying first-time buyers of qualifying new homes, the rebate can be worth up to $50,000. It applies to qualifying agreements entered into on or after March 20, 2025.

Ontario Land Transfer Tax Refund for first-time buyers

Ontario first-time buyers may qualify for a refund of land transfer tax, up to $4,000.

Ontario New Housing Rebate
For qualifying new or substantially renovated homes in Ontario, there may be a rebate for the provincial part of HST, up to $24,000.

Current homeowners

Check these if you already own the home:

Home Accessibility Tax Credit (federal)

Helps with renovations that make a home safer or more accessible. CRA says eligible homeowners may claim up to $20,000 in eligible expenses each year.

Multigenerational Home Renovation Tax Credit (federal)

For creating a self-contained secondary unit so a senior or a qualifying adult with a disability can live with family. You can claim up to $50,000 in costs, with a credit of 14.5%, up to $7,250.

Ontario Home Renovation Savings Program

Ontario homeowners can access rebates for upgrades such as insulation, heat pumps, smart thermostats, solar panels, and some efficient appliances. Please check with local suppliers.

Oil to Heat Pump Affordability Program (federal)

Eligible homeowners switching from oil heat to an electric heat pump may receive up to $10,000. Please check with local suppliers.

Energy Affordability Program (Ontario)

Lower-income households may qualify for no-cost energy-saving upgrades through this Ontario program.

Mortgage assistance

This is where many people expect grants, but the main help is usually through the lender, not a direct government mortgage cheque.

Ask your lender about Canadian Mortgage Charter relief

Federally regulated lenders are expected to provide tailored relief for borrowers facing hardship on a principal residence mortgage. This can include things like temporary amortization extensions and waived fees in some hardship cases.

Check whether a 30-year insured amortization is available

As of December 15, 2024, buyers with less than 20% down can have up to 30 years if they are a first-time homebuyer or buying a new build; otherwise it is generally 25 years.

Ontario emergency assistance if you are in a housing crisis

Ontario emergency assistance may help people in crisis who do not have enough money for basics such as housing. This is not a standard homeowner mortgage grant, but it is worth checking in serious hardship.

Seniors

These are the main items seniors in Ontario should check:

OAS and GIS (federal)

Seniors 65+ may qualify for Old Age Security, and lower-income seniors receiving OAS may qualify for the Guaranteed Income Supplement.

Allowance (federal)

People aged 60 to 64 may qualify in some cases if their spouse or common-law partner receives GIS.

Ontario Senior Homeowners’ Property Tax Grant

Low- to moderate-income senior homeowners may receive up to $500 toward property taxes. Ontario’s summary says this applies to homeowners 64 or older.

Ontario Seniors Care at Home Tax Credit

A refundable Ontario credit for seniors 70+ with eligible medical expenses, including certain expenses that support aging at home. The credit is worth up to 25% of eligible expenses up to $6,000, for a maximum of $1,500, subject to income reduction rules.

Ontario Trillium Benefit / Ontario Energy and Property Tax Credit

Helps eligible Ontarians with energy and property-tax costs. For the 2025–26 benefit year, the maximum combined amount for seniors is $1,461.

Accessibility and family-renovation credits

Seniors should also check the Home Accessibility Tax Credit and, where family living arrangements are changing, the Multigenerational Home Renovation Tax Credit.

If you or a family member are planning to buy, renovate, improve accessibility, or manage rising housing costs, it’s worth reviewing what may apply before making decisions.
Every situation is different, so always check current eligibility rules with the CRA, Ontario, your lender, or your accountant.
At Terra Renovations, we believe informed homeowners make better renovation and planning decisions.