First-Time Home Buyers' Tax Credit (HBTC)

 

What is the Home Buyers' Tax Credit?

HBTC is a non-refundable tax credit that is based on an amount of $5,000. It is for certain home buyers that acquire a qualifying home after January 27, 2009.

How do you qualify for the HBTC?

You can qualify for the credit if you or your spouse/common-law partner acquire a qualifying home. You must not live in another home owned by you or your spouse/common-law partner in the acquiring year or in any of the four preceding years. 

For more information on the Tax Credit please go to: http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhbtc-eng.html#q1

 

 

Ericka Fowler

Ericka Fowler

REALTORĀ®
CENTURY 21 Westman.com Ltd.
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