First Time Home Buyers Tax Credit

First-Time Home Buyers’ Tax Credit

If you, or your spouse, have purchased a qualifying home and you have not lived in another home (inside or outside of Canada) that you have owed in the year of acquisition or the four preceding years then you may qualify for a non-refundable tax credit of $1,500. Prior to 2022 the tax credit was $750.

More information about the first-time home buyers’ tax credit can be found here.