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First time home buyers Tax Credit

If you are a first time buyer and bought a home in 2014 this video is for you http://goo.gl/UU6O38

Compliments of Revenue Canada

You can claim an amount of $5,000 for the purchase of a qualifying home acquired in 2014, if both of the following apply:
  • you or your spouse or common-law partner acquired a qualifying home; and
  • you did not live in another home owned by you or your spouse or common-law partner in the year of acquisition or in any of the four preceding years (first-time home buyer).

Dean Birks

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