Tuesday
5
FEBRUARY
2013
The First Time Homebuyers Tax Credit is available for qualifying first time homebuyers who purchased a home after January 27, 2009.
You can claim an amount of $5,000 for the Home Buyers' Tax Credit (HBTC) if both of the following apply:
You don't have to submit documents supporting your purchase transaction with your income tax and benefit return, but you must make sure this information is available if Revenue Canada requests it.
Note this is a non-refundable tax credit. If the total of your non-refundable tax credits is more than your federal income tax, you will not receive a refund.
For more information, please visit First Time Homebuyers' Tax Credit.