Zoocasa
Real Estate Sold Prices
Calculator
Map
Property Trends & Insights
  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
  • Real Estate News
Zoocasa
Home First Time Home Buyer

First Home Buyer Tax Credit

Zoocasa by Zoocasa
March 24, 2011
in First Time Home Buyer
1 min read
Share
Tweet
Share
0 Shares

The First-Time Home Buyers’ Tax Credit (HBTC) was implemented by the federal government to assist with the associated costs of purchasing a home. Legal fees, disbursements, land transfer taxes – these are extra costs, which first time home buyers may not have calculated into their savings when planning for a down payment.

Perhaps you have heard about this credit but did not consider claiming it back in the 2009 tax year (the first year in which the credit could be applied for) because you assumed you weren’t eligible? Well, just who is?

Count yourself eligible if “you or your spouse or common-law partner acquired a qualifying home; and you did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years”.

Persons with a disability (or those who have purchased a home for a disabled relative) can apply for this credit without having to be a first-time home buyer (however the home must be have been acquired due its greater-accessibly).

There’s still time before the tax deadline so get more info about how you can save money – visit the Department of Finance Canada website and the Canada Revenue Agency website.

Previous Post

Are closing fees added to my mortgage?

Next Post

Helpful home search advice

Zoocasa

Zoocasa

Zoocasa.com is a full-service brokerage that offers advanced online search tools to empower Canadians with the data and expertise they need to make more successful real estate decisions. View real estate listings on zoocasa.com or download our free iOS app.

Related Posts

Guide to First-Time Home Buyer Programs And Rebates [Free Download]
Buying a Home

Guide to First-Time Home Buyer Programs And Rebates [Free Download]

November 3, 2020
CMHC Announces Updates To Insurance Criteria Starting July 1, 2020
Affordability

CMHC Announces Updates To Insurance Criteria Starting July 1, 2020

June 8, 2020
Freehold vs. Condo Townhouse
Buying a Home

Freehold vs Condo Townhouse: Which is Right for You?

January 28, 2020

Blog Search

No Result
View All Result

Recent Articles

Five Fixes to Maximize Property Value Before Selling Your Home

Five Fixes to Maximize Property Value Before Selling Your Home

May 20, 2022
The Most Viewed Homes in April 2022

The Most Viewed Homes in April 2022

May 18, 2022
Entering a Balanced Market Spells Relief for Many Buyers: CREA

Entering a Balanced Market Spells Relief for Many Buyers: CREA

May 16, 2022
New Owner of the Cheapest Home in GTA has Big Plans for Her “250 Square Feet of Paradise”

New Owner of the Cheapest Home in GTA has Big Plans for Her “250 Square Feet of Paradise”

May 13, 2022
first-time home buyer programs and rebates

Featured Listings (Updated Weekly)

Updated: 7 Houses Under $900,000 For Sale in Mississauga

Updated: 7 Houses Under $900,000 For Sale in Mississauga

May 11, 2022
Hidden Gems in London, ON Currently Listed for Sale Under $540,000

Hidden Gems in London, ON Currently Listed for Sale Under $540,000

May 6, 2022
Updated: Cheapest Toronto Homes Currently Listed for Sale Under $1,000,000

Updated: Cheapest Toronto Homes Currently Listed for Sale Under $1,000,000

May 3, 2022
The Cheapest Toronto Condos Currently Listed for Sale Under $600,000

The Cheapest Toronto Condos Currently Listed for Sale Under $600,000

May 2, 2022

Social Media

Newsletter Sign-up

Join a community of 130,000+ subscribers. Don't miss important real estate news, market data, and buying and selling tips.

About Zoocasa

Zoocasa.com is a full-service brokerage that offers advanced online search tools to empower Canadians with the data and expertise they need to make more successful real estate decisions.

Newsletter Sign-up

Join 130,000+ weekly subscribers. Don’t miss important real estate news, market data, and buying and selling tips: sign-up here.

Social Media

Zoocasa Tools

MLS Listings Canada
Search Sold Listings
iOS App
Android App
Find an Agent
Contact Us

  • Homes & Real Estate Properties
  • Terms of Use
  • Privacy Policy
  • Contact Us

© 2015 - 2022 Zoocasa Realty Inc., Brokerage

  • Blog Home
  • For Buyers
  • For Sellers
  • Real Estate News
  • Mortgage News in Canada
  • Free Guides (PDF)
  • Real Estate Infographics
  • Real Estate News
No Result
View All Result

© 2015 - 2022 Zoocasa Realty Inc., Brokerage