First Time Home Buyers' Tax Credit Eligibility

Did you buy a new home in 2015?

You can claim an amount of $5,000 for the purchase of a qualifying home acquired in 2015, 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).

Not sure if you're eligible? Check out the video here:

http://www.cra-arc.gc.ca/vdgllry/ndvdls/menu-eng.html?clp=ndvdls/hmbyrs-eng&fmt=mp4