First time home buyers that have purchased a home on or after January 1st 2009 may be eligible for up to $8000 tax credit.  If you are single with income up to $75,000 or married with income up to $150,000 combined, you may be eligible.  The Tax credit is equal to 10% of the homes purchase up to a maximum of $8000.  This tax credit does not have to be repaid if you are owner occupant for 3 years or more. 

* This information is used for general guidance and does not constitute the provisions of legal advice, tax advise,  accounting services, investment advice or professional counseling of any kind and should not be construed as such