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all right so here are some important tax changes for your tax return 2022 all right first thing first time home buyers tax credit has increased from five thousand to ten thousand dollars so it used to be a five thousand dollar non non-refundable tax credit now CRA has increased it to ten thousand now that is kind of annoying for those who bought their their first property before 2022 because they only got five thousand dollars but those who bought in 2022 they get a ten thousand dollar non-refundable tax credit which kind of makes sense because prices were kind of ridiculous in 2022. now remember this is a non-refundable tax credit so it doesnt mean that youre getting this amount back as a refund it just means that it goes against your tax deducted already so you need to have income you need to have tax deducted in 2022 to actually get this to get a benefit from this and since its a non-fundable tax credit its only 15 percent of ten thousand dollars so fifteen hundred dollars so y
