Minister Falcon announced an income tax credit of up to $10,000 for first-time new home buyers in the Provincial Budget on February 21, 2012.
Subject to approval by the legislature, the B.C. government intends to implement a temporary BC First-Time New Home Buyers’ Bonus. Effective February 21, 2012, to March 31, 2013, the bonus is a one-time refundable personal income tax credit worth up to $10,000.
See the info sheet for more info.
Feb 21 2012