HOME BUYER'S TAX CREDIT

Program

First-time home buyers may be eligible for a 15 per-cent income tax credit for closing costs.

Details

- To assist first-time home buyers with the costs related to the purchase of a home.

- The First-Time Home Buyers’ Credit (FTHBC) provides a 15 percent credit on a maximum of $5,000 of home purchase costs (e.g. legal fees, land transfer taxes, etc.), meaning maximum tax relief of $750.

- Applicable to first-time buyers purchasing a home closing after January 27, 2009.

- The FTHBC is claimable for the taxation year in which the home is acquired.

- An individual will be considered a first-time home buyer if neither the individual nor the individual’s spouse or common-law partner owned and lived in another home in the calendar year of the home purchase or in any of the four preceding calendar years.

For more information contact vishal.kapoor@century21.ca

 

Vish For Your Home

Your Friend in Real Estate

 

PS: It’s here. The Fall Real Estate Market is in full swing and things are really heating up. Perhaps in the next few weeks you’ll talk with a friend or family member who mentions that they want to take advantage of the active “Fall Market” and when you do, please feel comfortable introducing them to me so I can give them the best advice on how to best approach this very active and competitive market.

 

Vishal Kapoor

Sales Representative

 

CENTURY 21 Miller Real Estate Ltd.

TOP 5 Office in Canada

TOP 10 Firm in Canada

By Production for CENTURY 21 Canada 2014
Brokerage, Independently Owned and Operated
467 Speers Rd
Oakville, ON L6K 3S4
Direct: 905.330.8675 Office: 905.845.9180 ext 249 | Fax: 905.845.7674

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Content Courtesy: OMDREB

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Vishal Kapoor

Vishal Kapoor

Sales Representative
CENTURY 21 Miller Real Estate Ltd., Brokerage*
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