As tax time approaches a reminder to all first time buyer; you may have a Tax credit available to you!
You can claim an amount of $5,000 for the purchase of a qualifying home acquired in 2013, if both of the following apply:
- you or your spouse or common-law partner acquired a qualifying home; and
- you did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years (first-time home buyer).
- Single family; strata; mobiles they all qualify.
- Sample program applies for purchases to which assists those with disabilities.
Watch the video - First-time home buyers' tax credit
Source: http://www.cra-arc.gc.ca/tx/
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.