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It's called OHOSP (Ontario House Owner Saving Plan), not BOM's. If your income is less than 40K, or your household income is less than 80K, Ontario government will refund you upto 500 per person depends on your income.

You can open this account at any bank. The account could only be active for 7 years, and only the first 5 years you can deposit money in. In other words, you must buy your house within 7 years, otherwise, you'll have to return all these refund money back to the goverment.

Call your bank representitive to get further information.
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