Final answer:
The First-Time Home Buyer's Tax Credit in Canada has eligibility criteria, such as the buyer must be a first-time homebuyer and must move in within a year. An affidavit with a lawyer assures the buyer meets these conditions.
Step-by-step explanation:
The eligibility criteria for the First-Time Home Buyer's Tax Credit in Canada include the requirement that the individual must be purchasing their first home and must intend to occupy it within one year of purchase. This tax credit aims to help reduce the financial burden for first-time homebuyers by allowing them to claim a portion of their home purchase on their tax return.
An affidavit with a lawyer may be required to confirm certain conditions such as the fact that the buyer has not owned a home in the previous four years and that the home is to be the buyer's principal place of residence. This legal document provides a sworn statement that ensures the buyer meets the specific eligibility requirements set by the Canadian government.