First-Time Home Buyers’ Tax Credit (HBTC)
Source From Canada Revenue Agency http://www.cra-arc.gc.ca/gncy/bdgt/2009/fqhbtc-eng.html 1. What is the home buyers’ tax credit (HBTC)? For 2009 and subsequent years, the HBTC is a new non-refundable tax credit, based on an amount of $5,000, for certain home buyers that acquire a qualifying home after January 27, 2009 (i.e., generally means that the closing is after this date). 2. How is the new HBTC calculated? The HBTC is...
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