Claiming the Home Buyers Amount Tax Credit in Canada
Posted by Cody Tritter on
Tax Season Is Here: Bought a Home Last Year? Don’t Miss This $1,500 Federal Tax Credit
If you purchased a home last year, this is the part of tax season that actually matters.
The federal government offers the First-Time Home Buyers’ Tax Credit, claimed as the Home Buyers’ Amount on Line 31270 of your income tax return.
Here’s what you need to know.
Use the navigation guide below to explore Claiming the Home Buyers Amount Tax Credit in Canada:
- What Is the Home Buyers’ Amount?
- Who Qualifies?
- How to Claim It
- When Do You Claim It?
- What Should You Keep on File?
- Quick Filing Checklist
- Some Important Things to Know
What Is the Home Buyers’ Amount?
Eligible buyers can claim up to $10,000 on Line 31270.
That…
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