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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
10:15 AM
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Investors and rental owners
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.
Thank you for choosing TurboTax.
March 1, 2023
1:11 PM