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The home buyers tax credit is calculated by multiplying the lowest personal income tax rate for the year (15% in 2009) by $5,000. The first time home buyers' program reduces or eliminates the amount of property transfer tax you pay when you purchase your first home. To qualify, the rrsp funds you're using must be on deposit for at least 90 days.

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First time buyers & more Are you a first time home buyer? Yes no programs for home buyers less than perfect home buyers with less then credit scores can use fha loan options.

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