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mytax_may5_--
February 28, 2023
Question

Can I claim the homebuyer's tax credit? I am aged 64 - I bought a small townhome in BC in May 2022 but have not owned/co-owned a home since 1996.

  • February 28, 2023
  • 1 reply
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    1 reply

    B
    Bluesky33
    March 1, 2023

    You can claim up to $10,000 for the purchase of a qualifying home in 2022 if both of the following apply:

    • You (or your spouse or common-law partner) acquired a qualifying home 
    • You did not live in another home that you (or your spouse or common-law partner) owned in the year of acquisition or in any of the four preceding years (first-time home buyer)

    You can visit Line 31270 - Home buyers' amount for more information. 

     

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