The BC First Time Home Buyers'Bonus
Are you or someone you know a first time home buyer? If so, the following information on the new, and temporary, first time home buyers bonus in BC may be of interest to you.
Subject to approval by the Legislature, the B.C. Government has announced plans to implement a temporary BC First-Time New Home Buyers' Bonus. It will be effective February 21, 2012 to March 31, 2013. The Bonus is a one-time refundable personal income tax credit worth up to $10,000.
Purchasers will qualify if: