Keith and Katie sold their original home located at 216 Bayfield Street, Your City, YP, L3A 6T3, for $400,000 on March 31, 2021, before moving into their new home a few blocks away at their current address. They had purchased the house on Bayfield Street together in 2016; they lived exclusively at that address and had not owned any other residential property during the time they owned that home. Neither Keith nor Katie changed employment last year; they moved simply because they liked the new house do you think Keith is qualified to claim this credit?

Answer rating: 100% (QA)

Answer Yes Keith is qualified to claim the credit Since Keith and Katie owned and lived in the home ... View the full answer