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February 15, 2022
Question

1st time home owner - did some renovations and was told I could claim this, but apparently that is only for disability and now I've been asked to pay all the taxes back

  • February 15, 2022
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    February 15, 2022

    As a first-time homebuyer or builder, you may be eligible to claim certain tax credits or apply for benefits to help ease the financial burden of your new home.  Here you can find more information about What tax credits or benefits are available to first-time homebuyers?

    You can visit Canada Revenue Agency (CRA) website  How to participate in the Home Buyers' Plan (HBP)   

    and find more information for eligibility for the first-time homebuyer. 

     

    For more information please see our TurboTax articles 

    These are the 9 Biggest Tax Changes Canadians Need to Know in 2022

    20 Popular Canadian Tax Deductions and Credits in 2022

    Home Tax Deductions & Tax Credits for Canadian Homeowners

     

    Canada Revenue Agency (CRA) Provincial and territorial tax and credits for individuals

     

    Thank you for using TurboTax.