First Time Home Owners Tax Credit

  The new federal budget has introduced legislation allowing a first time home owner or their spouse to claim up to $750 as a tax credit upon their 2009 return.  This credit will also be available to people with disabilities upon the purchase of any home, not necessarily their first home only.

   There will be a new line upon your 2009 Tax form that will allow you to claim the credit.  Homes purchased after January 27, 2009 will qualify, providing they meet rather lenient requirements and neither spouse or partner has owned a home in the last four years.

   For full information upon this program I would encourage you to read the Government web site and follow the relevant links for the HBTC (Home Buyers Tax Credit).


Keith Baxter

Keith Baxter

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