First Time Home Buyers in Toronto

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!

Lee Dias, a real estate sales representative based in Toronto,ON, specializes in selling & buying of luxury real estate. She provides her real estate services in the following areas: Rosedale, Forest Hill, Yorkville, Casa Loma, The Annex, Little Italy, High Park, Bloor West Village, Baby Point, The Kingsway, Waterfront, Toronto(GTA), Mississauga, Oakville, Richmond Hill, Vaughan and Markham.