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.