What Deductions Can You Claim When Buying a Home? – Whether you’re buying a new primary residence or buying a vacation home, your purchase makes you eligible for several tax deductions, especially if you finance your purchase with a mortgage.
Home buying and Taxes – Buying a home is a big undertaking, but your new home purchase might help you enjoy a world of tax breaks. If you're a new homeowner, you.
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Life Events Series: How Will Buying My First House Help My. – A great milestone of your financial life is the purchase of your first home. While less exciting, the tax implications of that achievement are no less critical. After all, home ownership creates several new opportunities for you to save on your federal income taxes. Got your attention?
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Home Tax Deductions & Tax Credits. – TurboTax Canada Tips – They include: First-time home buyer’s tax credit. If you are buying a home for the first time, you can claim a non-refundable tax credit of up to $750. This new non-refundable tax credit is based on a percentage of $5,000. You or your spouse or common-law partner can claim the home buyer’s tax credit.
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