Buying your very first property in Langley or Cloverdale? Check out this article to learn more about the first time home buyers creditNovember 30th, 2016
1. What is the home buyers' tax credit (HBTC)?
For 2009 and subsequent years, the HBTC is a new non-refundable tax credit, based on an amount of $5,000, for certain home buyers that acquire a qualifying home after January 27, 2009 (i.e., generally means that the closing is after this date).
The HBTC is calculated by multiplying the lowest personal inco ...