Buying a Home & Taxes
Purchasing your home is an exciting time for you and your family. There are parts of the Income Tax Act to assist you with your home purchase.
First Time Homebuyers can take advantage of a $5,000 Home Buyers’ Amount. For more details on this credit, click here.
Saving for the down payment on your new home does not have to be difficult if you take advantage of the Home Buyers’ Plan (HBP).
For those people that build their own home or substantially renovate an existing house there is a GST/HST New Housing Rebate.