Tax Benefits of Owning A Home
Posted by Ken Richter on
Owning a home in Alberta, Canada comes with many benefits; especially during Tax season.
Buying a home in Calgary, Alberta is a dream for many people. While getting to explore new types of homes and neighbourhoods as a renter is fun, actually owning a property enables you to do so much more that it's worth being more stationary. For example, you can paint however you like and put nails in the walls. You can renovate the space to meet your needs and even rent out some of it yourself. You can proudly call yourself a homeowner, and come tax season, you can claim a number of benefits and deductions.
First, for you first time home buyers, you can claim a tax credit of up to $5000.00 for the purchase of a qualifying home during the tax year. So long as…
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