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    Giosetta Belperio and Daniella Campoli

    Brokers

    Spectrum Realty Services Inc., Brokerage

    Making The Right Move

    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.  

    Find your first home using the smart listings search below!

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    Spectrum Realty Services Inc., Brokerage, Independently Owned and Operated. Although the information provided here is believed to be accurate, no warranties or representations are made of any kind. It is recommended that buyers and Sellers always verify necessary information.

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