Home owners may benefit from certain non-refundable tax credits when filing their income tax and benefit return.

Important facts

First-time home buyer’s tax credit: If you are a first-time home buyer, a person with a disability buying a home, or an individual buying a home on behalf of a related person with a disability, you may be able to claim a non-refundable tax credit of up to $750 when you buy a qualifying home.
Non-refundable tax credits can only be used to reduce your federal income tax payable. If the total of your non-refundable tax credits is more than your federal income tax payable, you will not receive a refund for the difference.
Other credits and deductions may be available to you. For more information, go to www.cra.gc.ca/myhome.