Wednesday, November 25, 2009
- First-Time Home Buyers' Tax Credit
Want another reason to become a first-time home buyer?
posted in General
at Wed, 25 Nov 2009 11:40:43 -0700
Canada’s Economic Action Plan has introduced the First-Time Home Buyers’ Tax Credit
(HBTC) to help with the purchase of a first home.
The HBTC will assist first-time homebuyers with the costs associated with the purchase of a home, such as legal fees, disbursements and land transfer taxes, which are a particular burden for first-time homebuyers, who must also save for a down payment.
The $5,000 non-refundable HBTC amount will apply to qualifying homes acquired after January 27, 2009, and will provide up to $750 in federal tax relief.
Find out more at Canada’s Economic Action Plan website
or at the Revenue Canada Website.