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THREE CONVENIENT LOCATIONS SERVING PEEL, DUFFERIN, THE GTA AND SURROUNDING AREAS.

A1: 60 GILLINGHAM DRIVE, SUITE 400, BRAMPTON, ON, L6X 0Z9

A2: 510 RIDDELL ROAD, UNIT B, ORANGEVILLE, ON, L9W 5L1  P: 519 940 9900  F: 519-940-8626
A3: 117 OWEN SOUND STREET, SHELBURNE, ON, L9V 2X8  P: 519-925-9988

 

P: 905 458 7979  F: 905 458 1030  TF: 1 855 458 7979

 

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    Sutton Group Central Realty Inc., Brokerage

    Independently Owned and Operated

    Sutton Group Central Realty Inc., Brokerage

    Buying a house for the first time is a big and important decision in your life. As someone who represents you and looks out for your best interest, I would like to introduce you to the First-Time Home Buyers’ Tax Credit.

    First-Time Home Buyer’s Credit (FTHBC) is a government program geared towards buyers like you. The objective is to reduce costs associated with purchasing a home. As a first time buyer, you are eligible for a 15% income tax credit on a maximum of $5,000 of home purchase costs such as legal fees and land transfer taxes. It can be claimed for the taxation year that you acquired the house.

    You are considered to be a first time buyer if neither you and your spouse or common-law partner has owned and lived in another home in the year of the purchase or in any of the four previous years.  

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