There are huge incentives when looking to buy a home. Canada's Mortgage and Housing Corporation (CMHC) offers incentives for home ownership. Buying your first home is one of the largest investments of your life. Canada’s Economic Action Plan introduces the First-Time Home Buyers’ (FTHB) Tax Credit and the expansion of the Home Buyers’ Plan (HBP) to provide you with additional benefits and help you realize your dream of homeownership.
First Time Home Buyer's Tax Credit (FTHB):
The costs associated with buying a home, such as legal fees, disbursements and land transfer taxes, can be a lot for first-time homebuyers who must pay these costs, as well as saving money for a down payment. To help first-time homebuyers with the costs associated with buying a home, the Government of Canada introduced a FTHB Tax Credit in 2009 > a $5,000 non-refundable income tax credit amount on a qualifying home acquired after January 27, 2009!
The costs associated with buying a home, such as legal fees, disbursements and land transfer taxes, can be a lot for first-time homebuyers who must pay these costs, as well as saving money for a down payment. To help first-time homebuyers with the costs associated with buying a home, the Government of Canada introduced a FTHB Tax Credit in 2009 > a $5,000 non-refundable income tax credit amount on a qualifying home acquired after January 27, 2009!
You can look at the website and/or contact me for further details
