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Buying a house for the first time is one of the biggest financial and life decisions you can make. It’s my priority to make the process as smooth and stress-free as possible. One of the great opportunities you can take advantage of is the First-Time Home Buyer’s Tax Credit.
The Home Buyer’s Tax Credit (HBTC) allows first time home buyers to claim a 15% income tax credit on a maximum of $5,000 of home purchase costs such as legal fees and land transfer taxes. To qualify, you (and your spouse or common-law partner) cannot have lived in a home you own for the four previous and the year of the purchase.
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