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First time home buyers tax credit


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Blog by Liz Penner | October 7th, 2015


First-Time Home Buyers' Tax Credit

This federal non-refundable income tax credit is for qualifying buyers of detached, attached, apartment condominiums, mobile homes or shares in a cooperative housing corporation.

It’s calculated by multiplying the lowest personal income tax rate for the year by $5,000.

Canada Revenue Agency For information: www.cra.gc.ca/hbtc 1-800-959-82

Information Courtest of the Vancouver Real Estate Board

To purchase your next home call Liz Penner with Greyfriars Realty at 604-376-3350.
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