Fiscal and Financial Planning Guide 2024-2025
Future owners > First-time home buyers’ tax credit
The tax credit for first-time home buyers is doubled in 2022, both federally and in Quebec.
An individual can claim the credit if neither he or she nor his or her spouse has owned another home in the 4 years preceding the acquisition of the new home.
The 4-year constraint does not apply in the case of a disabled person, provided the new home is better adapted to his or her needs.
The credit is non-refundable and can be shared between the two spouses.