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Are you purchasing a house for the first time? The purchase of a home is indeed a significant decision in your life.
Having your best interest at heart, I can assist you in getting the home of your dreams. Explore your options with First-Time Home Buyers’ Tax Credit.
First-Time Home Buyer’s Credit is a government program for home buyers. It is designed to minimize home buying costs.
First-time home buyers receive a 15% income tax credit on a maximum of $5,000 of home purchase costs. These costs include legal fees and land transfer taxes.
During the tax year, home buyers can claim that they acquired the residential property.
Who qualifies a first-time buyer? A first-time buyer is someone who has not owned and lived in another home previously (the year of the purchase of home or any of the four previous years).
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