Government Rebates and Credits - Home Buyer's Tax Credit


This is the 3rd in a series of Blog posts of rebates and credita that are available to First Tine Home Buyers.

HOME BUYER'S TAX CREDIT

Like the Home Buyers Plan, if you haven't lived in another home owned by you or your spouse or common-law partner in any of the four preceding years and your aquire a qualifying home (a housing unit located in Canada that will be your principal residence), you can claim an amount of %5,000 for the Home Buyer's Tax Credit (HBTC). This provides up to $750 in federal tax relief.

This initiative is designed to help first-time buyers with the costs associated with the purchase of a home such as legal fees

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