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    Everest Realty Ltd. Brokerage

    Buying a house for the first time is an extremely important decision in your life. As someone who represents you and is looking out for your best interest, I would like to introduce you to the First-Time Home Buyers’ Tax Credit.

    First-Time Home Buyer’s Credit (FTHBC) is a government program geared towards buyers like you. The objective is to reduce costs associated with purchasing a home. As a first time buyer, you are eligible for a 15% income tax credit on a maximum of $5,000 of home purchase costs such as legal fees and land transfer taxes. It can be claimed for the taxation year that you acquire the house in. You are considered to be a first-time buyer if neither you and your spouse/common-law partner has owned and lived in another home in the year of the purchase or any of the four previous years.  

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    Everest Realty Ltd. Brokerage

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