Blog by Shirley McDonald, CCIM

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5000 Tax Credit For First Time Home Buyers

Line 369 - Home buyers' amount

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You can claim an amount of $5,000 for the purchase of a qualifying home made in 2012, 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)