First-Time Home Buyers’ Tax Credit

 

Abbotsford, BC – If you are a first-time home buyer and recently purchased a home, we encourage you to speak with your Abbotsford mortgage broker as you may qualify for a tax credit up to $5,000, which can reduce your taxes by $750. The home buyers tax credit was introduced to assist first time home buyers purchase a home.

There is also a a credit for those with or living with those with disabilities.

For more information on the First-Time Home Buyers’ tax credit visit Canada Revenue Agency., or follow this link: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-369-home-buyers-amount.html

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