First Time Home Buyers Tax Credit

Tax Credit for First Time Home Buyers


The first time home buyers can be eligible for a 15% income tax credit for closing costs. This is applicable to the buyers purchasing their home closing after January27/2009. This credit goes on a maximum of $5000 of home purchase cost and the maximum tax relief is $750. The first time home buyers credit can be claimed as the same year as the home acquired.

Jas Bhullar

Jas Bhullar

CENTURY 21 SkyLark Real Estate Ltd., Brokerage*
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