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New - First Time Home Buyer Tax Credit

Blog by Robert McLean | February 23rd, 2012

first time home buyer tax credit langley bc

Just Announced in the 2012/2013 Budget!

First-Time Home Buyer Tax Credit:
There will be an income tax credit worth $10,000 for first-time home buyers purchasing newly built homes. The bonus begins phasing out for individuals and families earning a net income of $150,000 and is eliminated completely for individuals earning $200,000 in net income and families earning $250,000 net.

Please call me if you have questions about the new First Time Home Buyer Tax Credit or if you are considering purchasing your first home.  I'm here to help.