First-Time Home Buyers’ Tax Credit (HBTC)

If you or your spouse bought your first home in 2023, you might qualify for the First-Time Home Buyers’ Tax Credit (HBTC).

Note: If you are a first-time home buyer in Québec, you can claim the Québec First-Time Home Buyers’ Tax Credit on the TP-752.HA-V page in the tax software. Check out our help article for more information on its eligibility requirements.

This tax credit is available to first-time home buyers, who purchased a qualifying home in 2023, such as:

  • Single-family houses
  • Semi-detached houses
  • Townhouses
  • Mobile homes
  • Condominium units and
  • Apartments in duplexes, triplexes, fourplexes, or apartment buildings

You can claim this amount if you meet the following requirements:

  • The qualifying home is registered in your name (and/or in your spouse’s name, if applicable)
  • The home is in Canada
  • You did not live in another home owned by you or your spouse in the year of purchase or in the previous four years
  • You moved into the home no later than one year after you purchased it as your principal residence

Note: This credit is only claimable in the year you bought your home. If you forget to claim it, you’ll need to adjust your return for the tax year in which you bought your home. You can do this with H&R Block’s ReFile feature or ask the Canada Revenue Agency (CRA) to adjust your return.

Tax Tip: If you or your spouse qualify for the disability amount, you can claim the first time home buyer’s tax credit even if you aren’t a first-time buyer, provided the home you’re moving into is better suited to meet the needs of the person with the disability. The person with the disability must live in the home as their principal residence no later than one year after it is purchased.