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March 13, 2022
Question

Is my house considered as an eligible dweling?

  • March 13, 2022
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    March 14, 2022

    As per Canada Revenue Agency (CRA), an eligible dwelling is a housing unit located in Canada. It must be the principal residence of the qualifying individual at any time in the tax year. In general, a housing unit will be considered to be a qualifying individual’s principal residence where it is ordinarily inhabited (or is expected to be ordinarily inhabited within that tax year) by the qualifying individual and it is owned (either jointly or otherwise) by the qualifying individual or the qualifying individual’s spouse or common-law partner.

    Visit the following TurboTax article to learn more about Housing Tax Credits: Housing Tax Credits in Canada

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