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Expenses for Self-Employed Truckers and the Transport Companies (Part 2)
April 26, 2019
Annual Return Filing (Part 1)
May 14, 2019

First-Time Home Buyers’ Tax Credit

The credit allows first-time home buyers to claim an amount of $5,000 on qualifying homes purchased. It’s also available to those who are not first-time home buyers but who are eligible for the Disability Tax Credit when they purchase a more accessible or functional home.

This tax credit allowed families to save on home renovations and for a down payment.

Home Buyers’ Plan

Under the Home Buyers’ Plan Canadians can withdraw from their Registered Retirement Saving Plans (RRSP) for a down payment on their first home. The maximum withdrawal amount is $25,000.

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