Home Buyers' Amount (HBA) (aka: Home Buyers Tax Credit, or HBTC)

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Written By Donald Scott

The federal HBA may provide a non-refundable tax credit for first-time home buyers that allows you to claim up to $5000 in the year you purchase a home if you are eligible. In order to qualify:

  • You or your spouse or common-law partner must acquire a qualifying home

  • You must be a first-time home buyer. Meaning:

    • You did not live in a home that either you or your partner owned in the four years prior to purchasing your new home

Donald Scott
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