Maximize Your Returns: Essential Tax Tips for Homeowners & First-Time Buyers!

This guide delves into essential tax credits and deductions for homeowners and first-time buyers, including the GST/HST new housing rebate, the First-Time Home Buyers' Tax Credit, Home Accessibility Tax Credit, Multigenerational Home Renovation Tax Credit, and deductions for rental income. It highlights eligibility, qualifying criteria, and the claim process, offering a roadmap to maximize tax returns. Additionally, it touches on Canada's Underused Housing Tax, advising consultation with a tax professional to navigate its implications.