August 2017: If you bought a home, you may be able to claim up to $5,000 of the purchase cost, and get a non-refundable tax credit of up to $750. There are two conditions though. You can claim $5,000 for the purchase of a qualifying home in 2016 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).
by Heidi Pullem | Sep 7, 2017 | Tips