Tax Time - Do You Qualify For a Home Tax Credit?


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According to Canada Revenue Agency (CRA), there is help for first time home buyers.  The First - Time Home Buyers' Tax Credit is based on $5,000 and will be calculated based on the lowest personal rate for 2011 which is 15%.

In order to qualify, you can not have owned or had ownership in a home in the last 5 years of purchasing.

If you just purchased a home in Canada and are a first time buyer talk to an accountant to see if you are eligable for the tax credit or click here for more details from CRA.

Rose Lopez-Frometa

Rose Lopez-Frometa

Branch Manager
CENTURY 21 Leading Edge Realty Inc., Brokerage*
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