Tax credit for first home
We know very well that buying a house brings joy, but also very high costs. The provincial government has decided to help individuals who want to buy a house offering a credit. To receive this credit, you must be the owner of the house for the first time in Quebec.
The maximum credit is $ 5 000 at the rate of 15% so $ 750.
It’s a very good news, because you can diminish your taxable income. Starting with the year 2018, you will take advantage of 2 credits for the first house, federal credit and provincial, total amount of $ 10 000.