How do you qualify for the First-time Home Buyers' Tax Credit?

Author: Gary Corriveau

In order to be eligible for the First-time Home Buyers' Tax Credit, your home must meet the following requirements:

  • Be within Canada
  • Be an existing or new home
  • Be a single, semi, townhouse, mobile home, condo, or apartment
  • Can include a share in a co-operative housing corporation that gives you possession of the home
  • You must intend to occupy the home within one year of purchase
  • You or your spouse must purchase a qualifying home
  • The home must be registered in either your name or your spouse's name
  • You cannot have owned a home in the previous four years
  • You cannot have lived in a home owned by your spouse in the previous four years
  • You must present documents supporting the purchase of the home


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