Since January 27, 2009, qualifying home purchases can result in a $750 non-refundable First-Time Home Buyer’s tax credit. This credit is not just available to first-time homebuyers. It is also available to existing homeowners provided someone with the Disability Tax Credit (DTC) benefits from the new purchase.
If you purchased a home and think you may have missed out on this credit we can review your income tax returns and file a prior year adjustment if necessary. If someone in your household has a disability but did not apply for the DTC, we can also help file prior year adjustments to claim the DTC as well as the First-Time Home Buyer tax credit. The DTC is a much more valuable tax credit that carries additional benefits so make sure you don’t make any assumptions about not qualifying.
Visit our contact page to see how you can book an appointment with one of our experienced accountants in Surrey, Langley, Kelowna or Penticton https://completeaccounting.ca/contact/.