Purchasing a home is a big decision and a major financial commitment. Did you know that there is a Tax Credit available for First Time Homebuyers? An amount of $10,000 can be claimed for the purchase of a qualifying home in 2022.
You can claim up to $10,000 for the purchase of a qualifying home in 2022 if both the following apply:
NOTE: you can claim up to $5,000 for the purchase of a qualifying home in 2021 or earlier if you met the conditions above.
To learn more, visit the Government of Canada’s website: First-time homebuyer’s tax credit