First time home buyers or if you have not owned a home for 5 years, $750.00 tax incentive. If you bought a home last year, and you’re a first time home buyer, be sure to file for your Home Buyers Tax Credit (HBTC). The $5,000 non-refundable tax credit gives you up to $750.00 in tax benefits. Also, if you or your spouse have not owned and lived in another home in the last 5 years, you qualify for the HBTC as well. Find out more
For more information, visit www.actionplan.gc.ca/en/initiative/first-time-home-buyers-tax-credit.