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Wednesday, November 25, 2009 - First-Time Home Buyers' Tax Credit

Want another reason to become a first-time home buyer? 

Canada’s Economic Action Plan has introduced the First-Time Home Buyers’ Tax Credit (HBTC) to help with the purchase of a first home. 

The HBTC will assist first-time homebuyers with the costs associated with the purchase of a home, such as legal fees, disbursements and land transfer taxes, which are a particular burden for first-time homebuyers, who must also save for a down payment.

The $5,000 non-refundable HBTC amount will apply to qualifying homes acquired after January 27, 2009, and will provide up to $750 in federal tax relief. 

Find out more at Canada’s Economic Action Plan website or at the Revenue Canada Website.
posted in General at Wed, 25 Nov 2009 11:40:43 -0700

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