Featured Listings
315 3478 WESBROOK Mall
$998,000
This QUIET, 2 bedroom + den 977 sqft condo is steps to nature as well as having all of the best cafes, shops, services, and...
101 518 THIRTEENTH Street
$379,000
Beautiful and Bright 1 bedroom/1 bathroom unit with an open floor plan, cozy gas fire-place and in-suite laundry. South facing private, partially covered deck great...
THE B.C. FIRST-TIME NEW HOME BUYERS’ BONUS
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.
Requirements to Qualify for the Bonus
ELIGIBLE FIRST-TIME NEW HOME BUYER
You will qualify as a first-time new home buyer if:
- You purchase or build an eligible new home located in B.C.;
- You, or for couples, you and your spouse or common law partner, have never previously owned a primary residence;
- You file a 2011 B.C. resident personal income tax return, or if you move to B.C. after December 31, 2011, you file a 2012 B.C. resident personal income tax return (you will not be eligible for the bonus if you move to B.C. after December 31, 2012);
- You are eligible for the B.C. HST New Housing Rebate; and
- You intend to live in the home as your primary residence.
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