Do you qualify? We can help you find out.

The First Time Homebuyers Tax Credit is available for qualifying first time homebuyers who purchased a home after January 27, 2009.

You can claim an amount of $5,000 for the Home Buyers’ Tax Credit (HBTC) if both of the following apply:

To qualify for the First-Time Home Buyer Tax Credit:

• You or your spouse/common-law partner must have acquired a qualifying home.
• Neither of you can have owned a home in the year of purchase or the four previous years.
• Eligible homes in Canada include single-family houses, semi-detached homes, townhouses, condos, and mobile homes. The home must be your principal residence within a year of purchase.

While no documents need to be submitted with your tax return, keep them ready in case Revenue Canada requests them. Remember, this is a non-refundable tax credit – it reduces taxes owed but won't result in a refund.