Eligible Canadians have a number of financial incentives available to them when buying their first home. The most popular is the First-Time Home Buyer Incentive which offers new homeowners between 5-10% of their down payment costs. There are also tax incentives and rebates offered to select first-time home buyers. These include the Home Buyer’s Amount tax credit and the GST/HST Housing Rebate, though the latter is only available for new or heavily-renovated homes.