First Time Home Buyer Tax Credits

February 23, 2015 | Posted by: Paul McCormick

Line 369 - Home buyers' amount

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).

Watch the video - First-time home buyers' tax credit

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