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Can I claim first time home buyer if I bought the house for a small amount of cash and paid legal fees? What paperwork do I need to be approved?
October 30, 2019
7:52 PM
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Investors and rental owners
CRA Says:
You can claim $5,000 for the purchase of a qualifying home in 2017 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).
You can find what a qualifying home is and more information here:
October 30, 2019
7:52 PM