The BC First Time New Home Buyer Bonus helps make owning your own home a little more affordable. If you’re a first-time home buyer in the market for a newly-built home, you can now get up to $10,000 back from the BC government.
If you are a first-time homebuyer purchasing a newly-built home before March 31, 2013, you can get an income tax credit worth up to $10,000.
The credit works out to 5% of the home’s purchase price, up to a maximum of $10,000. In other words, any newly-built home worth $200,000 or more qualifies for the full amount.
The BC First Time New Home Buyer Bonus is designed to help families starting out, especially those with lower incomes. That’s why it is gradually phased out for people earning more than $150,000 a year.
BC is striving to help first-time home buyers start a new life with their family and a $10,000 credit is just one more way we can help.
Beautiful 2212SF Home on Private Setting & Culdesac, Backs onto Treed Park. Many Upgrades done! Incl. all new Paint, BackSplash, countertops, Brazillian Walnut Floors, New Stone on Gas FP, Blt in Surround, Gas Range in Kitch, New doors & Frames, 2 Faux Blinds throughout, New HW Heater, Tile in Entry all with a NICE1 Bdrm Suite fit for your In-laws. New Roof and Yard has some new Fencing, Covered upper Patio w/natural gas HUp, & Stunning 19x16 lower Deck & BY has a Putting Green. VACANT, Move in TODAY!
DIAMOND IN THE ROUGH! Do not miss out on this opportunity. Solid Home on Corner Lot & full access to Back Yard. Some Quality Upgrades include new tub in Bath, some flooring, opened Kitchen/DRr area w/Scraped ceilings, Reframed & Drywall down for additional Bdrm plus media, fresh paint, French doors off Kitchen that lead to Huge South Private 20x20 Patio with new Vinyl Deck. Chainlink fence. Single garage plus 20x20 Dbl garage. Large Laundry room and Storage. Large rooms, excellent neighborhood.
SOLID AS a ROCK House. Many Good upgrades done such as Roof, Furnace & Ducting, HW Heater, Wiring & Electrical, Upgraded Panel to 200A, All NEW Drywall in Basement & upgraded Plumbing. Wood Stove heats home perfectly. Amazing LOT! Access front, side Lane & Back Lane. 5' Chain link around perimeter with vehicle Gates. Beautiful Grape Arbor, Solid 10x10 Storage Shed. Bring ideas to finish basement, Main floor needs upgrades but Clean & Cared for. Room for HUGE Shop! RT465 zone allows many usages. Call today.
The B.C. First-Time New Home Buyers' Bonus is a new temporary measure designed to provide tax relief during the transition period back to the PST for families and individuals who are purchasing their first home and will assist the residential construction industry by encouraging purchases of newly constructed homes.
The bonus will be available in respect of purchases of newly constructed housing where both the HST applies and where a written agreement of purchase and sale was entered into, on or after February 21, 2012 and before April 1, 2013.
The Government of BC has published information about transitioning from the Harmonized Sales Tax back to the Provincial Sales Tax and Goods and Services Tax that commences as of April 1, 2013. For details, CLICK HERE.
Remember: HST, GST or PST does NOT apply to Resale Homes!