first time home buyer rebate ns

Either person can claim the credit or share it however the combined total cannot exceed 5000.
quot;s: The Government of Canada is pleased to partner with the provincial government to provide a program that will benefits modest income families and individuals in Nova Scotia.
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Its good for everyone.The governments of Canada and Nova Scotia are investing.3 million to fund a new one-year Down Payment Assistance pilot program.Applying for the Rebate.Download your application form here: The following supporting documentation is required to process your application: 2016 Income Tax slips (T-slips) and associated 2016 Notice of Assessment from the Canada Revenue Agency (CRA).For purposes of the First-Time Home Buyers Rebate, a person who has more than one place of residence should consider some of the following factors as to whether the new residence may qualify as the primary place of residence: whether the individual considers the house.Back to top, what are qualifying construction costs?A home built on land you owned before construction started a home purchased with land from the builder a condominium unit a manufactured home installed on leased land the purchase of a share in a Cooperative Housing Corporation.You should also be excited to know that the federal government introduced the First-Time Home Buyers' Tax Credit as part of "Canada's Economic Plan" in 2009 to help Canadians in purchasing their first home.(For example what address will be on your health card, income tax forms.).A signed affidavit showing no previous home ownership.To qualify for the rebate, the individual(s) that will be occupying the new home must be the first to ever occupy the home.The applicant has reviewed the educational material for first-time home buyers provided by Housing Nova Scotia (see below).Here are five programs that can help you afford to purchase your own home without breaking the bank.250,000 is available through federal-provincial cost-matched funding of the Social Infrastructure Fund to cover interest costs and carrying charges.The rebate is equivalent.75 per cent of the provincial portion of the HST for the purchase or construction of a new home.31 percent of the purchase price of capital stock in a cooperative housing corporation, up to a maximum of 3,000.
No, all co-owners must be individuals.

On the Blog: How well do you understand your finances.While rebates and conditions vary from province to province, the program is designed to help with the federal portion of the HST new homebuyers have to pay.Can I still qualify for the rebate?Some provinces and cities also have tax credits open to first time home buyers to attract them to their city.Media contacts: Émilie Gauduchon, press Secretary, office of Minister Duclos, natalie Chavarie.Canada Wide First-Time Home Buyers' Tax Credit (hbtc).The rebate is limited to new home construction.