I hope the New Year is off to a great start!
Did you know you can claim $5,000 for the purchase of a qualifying home in 2016? This is true 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).
If this applies to you, be sure to include this amount when you file your taxes. For more information, please visit the following link:
http://www.cra-arc.gc.ca/hbtc/
Have a great day!
If you'd like to browse homes for sale in the Red Deer & surrounding area click here.
Posted by Jay McDouall on
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