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Credit repayment is not required for a 2009 or 2010 purchase, however, certain events may trigger a repayment obligation. South carolina's homebuyer assistance program helps potential homeowners purchase their first home by providing up to $5,000 in down payment and/or closing cost assistance. The maximum tax credit is $8000.
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However, buyers will have to pay income. First time home buyers often struggle with finding the funds needed to purchase a home. T1036 home buyers' plan (hbp) request to withdraw funds from an rrsp.
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