Mortgages

Government assistance programs.

Buying a home is a big step and every bit of support can help. There are a variety of grants, tax credits and financial assistance programs available to help make home ownership more affordable. Explore the options below and learn more through the official program websites. 

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First Home Savings Account (FHSA)

Save up to $40,000 tax-free toward your first home — $8,000 per year.

Home Buyers’ Plan (HBP)

Withdraw up to $60,000 from your RRSP for a down payment on your first home. 

First-Time Homebuyers’ Tax Credit

A Saskatchewan non-refundable tax credit worth up to $1,050 for eligible first-time buyers. 

First-Time Home Buyers’ Tax Credit (HBTC)

A federal credit that can put up to $1,500 back in your pocket at tax time. 

GST/HST new housing rebate

Recover part of the GST paid on a new build, major renovation, or addition. 

SaskEnergy equipment replacement rebate

Save on eligible high-efficiency home heating equipment. 
FAQs

Common questions.

Here’s what people ask us the most. 

Yes. The First Home Savings Account (FHSA) and the RRSP Home Buyers’ Plan (HBP) can be used together for the same qualifying home purchase. That means an eligible first-time buyer could combine up to $40,000 in FHSA savings with up to $60,000 in HBP withdrawals — up to $100,000 in tax-advantaged funds per person, or potentially double that for a couple. Keep in mind that HBP withdrawals must be repaid to your RRSP over 15 years, while FHSA withdrawals never need to be repaid. 

For most federal programs — including the FHSA, Home Buyers’ Plan, and First-Time Home Buyers’ Tax Credit — you’re considered a first-time homebuyer if you have not owned and occupied a home in the calendar year of purchase or in the four preceding calendar years. This means that even if you’ve owned a home before, you may re-qualify as a first-time buyer after the four-year window. The Saskatchewan First-Time Homebuyers’ Tax Credit uses similar criteria, requiring applicants to not have owned a home in the last four years. Always confirm the eligibility rules for each specific program.

An FHSA combines the benefits of an RRSP and a TFSA. Contributions may be tax-deductible, and qualifying withdrawals to buy your first home are tax-free, helping your savings grow faster while reducing the cost of homeownership. 

Unlike a regular savings account, an FHSA offers valuable tax advantages. Eligible contributions may be tax-deductible, and qualifying withdrawals to purchase your first home are tax-free, making it a powerful tool for build 

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Let’s make these programs work for you.

Knowing the programs exist is one thing — knowing how to stack them for your situation is another. Our Mobile Mortgage Specialists and Financial Advisors can help you build a plan that combines government assistance with the right Conexus mortgage, so every dollar works harder on your journey to home ownership. 

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The information on this page is provided for general information only and has been sourced from external organizations. Program details, eligibility requirements and availability may change without notice. Please refer to the official program websites for the most current information.