First Time Home Buyers Tax Credit (HBTC)
First-time home buyers who acquire a qualifying home can claim a non-refundable First Time Home Buyers tax credit of up to $750 . The value of the HBTC is calculated by multiplying $5,000 by the lowest personal income tax rate (15% in 2022). A qualifying home must be registered in your or your spouse’s or common-law partner’s name in […]