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First-Time Home Buyer Tax Credit (HBTC)

Tips from SB Partners on April 25, 2016 in Tax
Are you a first-time home buyer? Did you know you can claim an amount of $5,000 for the purchase of a qualifying home acquired in 2015? 
To be eligible for the Home Buyer’s Tax Credit (HBTC) you must meet the following criteria: 
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.
Click here for more information on the HBTC.