06/17/2026
Did you buy your first home recently? You might be leaving money on the table.
The First-Time Home Buyers' Tax Credit (HBTC) allows eligible Canadians to claim $10,000 on their tax return.
What does that actually mean for your wallet? It translates to a non-refundable tax credit that reduces your federal tax bill by up to $1,500.
To qualify:
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You or your spouse/common-law partner must have acquired a qualifying home.
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You must not have lived in another home owned by you or your partner in the year of purchase or any of the 4 preceding years.
Don't let the CRA keep your closing cost money!