The fees associated with purchasing a first home can really add up. To help Canadians with these costs, our Conservative Government introduced the First-Time Buyer’s Tax Credit. The credit allows Canadians to save up to $750 on qualifying homes purchased after January 27, 2009.
The First-Time Buyer’s Tax Credit is also available to existing homeowners who are eligible for the Disability Tax Credit (DTC) who purchase a more accessible or functional home, or for the benefit of a DTC-eligible person who is related to the individual purchasing the home by blood, marriage, common-law partnership, or adoption.
Home Buyer’s Plan
For many first-time home buyers or builders, saving for a down payment can be the most challenging part. To help Canadian saving