Published On: March 1st, 2016

When you buy your first home, you may be able to take advantage of the Home Buyers Tax Credit (HBTC) when you file your tax return. The $5,000 non-refundable HBTC provides up to $750 in federal tax relief. You qualify if neither you nor your spouse (or common-law partner) have owned and lived in another home for the past five years. For more information, visit the Action Plan website at:  www.actionplan.gc.ca/en/initiative/first-time-home-buyers-tax-credit.

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