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Find Your First Home!
Congratulations on taking this significant step towards buying your first home! We understand that this decision carries immense importance in your life, and we're here to support you every step of the way.
Let's dive into a valuable resource designed with first-time homebuyers like you in mind – the First-Time Home Buyers' Tax Credit (FTHBC). This government program is tailored to help reduce the financial burden associated with purchasing a home. Here's how it works: as a first-time buyer, you're eligible for a generous 15% income tax credit on a maximum of $5,000 in home purchase costs. These costs can include expenses like legal fees and land transfer taxes. The best part is that you can claim this credit for the taxation year in which you acquire your new home.
Now, to clarify your eligibility, you're considered a first-time buyer if neither you nor your spouse or common-law partner has owned and lived in another home in the year of your purchase or in any of the four previous years.
As you embark on your quest to find that perfect first home, feel free to explore the smart listings search below. It's a valuable tool to help you discover the home that's just right for you. Your dream home awaits!
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