The First-Time Home Buyers’ Tax Credit is a tax claim made available to first-time homebuyers purchasing qualified homes. The rebate, at current taxation rates, works out to $750.
If you have a special need or are buying a home for someone who does, you can claim the Home Buyers’ Tax Credit, so long as you are also eligible to claim the Disability Tax Credit and the person with the special need is living in the home within one year.
To receive your $750 rebate, you must claim it in your personal income tax return under line 369. The claim must be made in the same year you purchased your home and it is non-refundable.