Quantcast

Edmonton Web Homes

Edmonton's Advanced Marketing REALTORS®

The Edmonton Real Estate Blog, Market Information, Advise & Opinion

 

Line 369 – Edmonton Home Buyers Income Tax Credit

Canada Revenue Income Tax Credit imageDid you just buy your first home in 2016? Well, you can claim up to $5,000 (cha-ching!) for the purchase of a qualifying home in 2016 if both of the following apply:

- you or your spouse or common-law partner bought 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).



How cool is that? That $5,000 (cha-ching again!) taken off your gross income will be like money in your jeans. To get full details, go to Canada Revenue's website THEN talk to your accountant. Don't forget to share with all your first time buyer friends. 

Edmonton couple buying their first home in 2016 image

If you don't have an account, let us know and we can recommend an excellent one. Did this help with your 2016 personal taxes?

 
Post CommentCommentsRead Full Story
Categories: Aldergrove | Athlone Houses | Belle Rive | Belverdere | Bon Accord | Bonnie Doon | Brintnell | Buyer | Buyers Real Estate Market | Buying | Buying in Edmonton | Buying Tips | Canon Ridge | Condominium Buying | Cumberland | Down Payment | downtown | Edmonton | Edmonton Condominiums | Edmonton Homes | Edmonton House Prices | Edmonton Open House | Edmonton Real Estate | Edmonton Real Estate Forecast | Edmonton Real Estate Market | Energy | for sale | Foreclosure | Fraser Vista | Free Home Evaluations | Gibbons | Gibbons, Gibbons Real Estate | Griesbach | Historical Houses | Home Staging | Homes | House Values in Edmonton | Income Tax | Kilkenny | Klarvatten | Lacombe, Lacombe Real Estate | Leduc | Market | McKernan | Morinville | Morinville, Morinville Real Estate | Open House | Parkland County | Pre-List | Pricing Your Home | Real Estate | Real Estate Prices | REMAX | Remax Realtors® | Renovations and Selling | Rosslyn | Rural Leduc County, Rural Leduc County Real Estate | Secrets to selling houses | Sellers Real Estate Market | Selling | Selling Tips | Sold | Sold Edmonton Condominiums | Sold Edmonton Houses | Sold Houses | Strata | Tamarack Edmonton | tax | Terwillegar South | Things to do in Edmonton | University Homes | Zone 01, Edmonton Real Estate | Zone 02, Edmonton Real Estate | Zone 03, Edmonton Real Estate | Zone 12, Edmonton Real Estate | Zone 14, Edmonton Real Estate | Zone 15, Edmonton Real Estate | Zone 20, Edmonton Real Estate | Zone 27, Edmonton Real Estate | Zone 28, Edmonton Real Estate | Zone 30, Edmonton Real Estate | Zone 35, Edmonton Real Estate | Zone 53, Edmonton Real Estate
Copyright 2017 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.