Tax Credits for First Time Home Buyers

If you (or someone you know) qualifies as a first-time homebuyer, you may be eligible for up to $750 in tax credits!
http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhbtc-eng.html – this link will explain how to tell if you qualify and if so, how to claim  it on your income tax return this year!
1. What is the home buyers’ tax credit (HBTC)?
The HBTC is a tax credit for first time home buyers that purchase a qualifying home after January 27, 2009.
2. How is the HBTC calculated?
The HBTC is calculated by multiplying the lowest personal income tax rate for the year (15% in 2013)  – the maximum credit will be $750.00.

About the Author Rom Houtstra

Rom Houtstra is a licensed and experienced Kelowna Real Estate Agent for almost 12 years with Century 21, the largest Real Estate Company in the world with over 8000 offices in 44 countries. He is committed to providing top service when it comes to selling or buying Residential or Commercial real estate and Businesses. Ask him about his comprehensive Marketing Plan and Listing Presentation. If you are looking for properties in Kelowna, West Kelowna, Vernon, or in other areas of the Okanagan Valley contact Rom.

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