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Victoria Dann

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    Victoria Dann

    Real Estate Broker

    RE/MAX Hallmark First Group Realty Ltd, Brokerage

    Buying your first home is an important decision! One of the benefits is 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 acquired the house.


    You are considered to be a first time buyer if neither you and your spouse or common-law partner has owned and lived in another home in the year of the purchase or in any of the four previous years.  


    Find your first home using the smart listings search below!

    Victoria Dann

    Real Estate Broker

    RE/MAX Hallmark First Group Realty Ltd, Brokerage

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