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Question

I bought a house in 2000 and never claimed anything. Is this a new deduction?

Forum|Forum|2 years ago
April 30, 2023
1 reply
0 views

Can you claim a homebuyers credit for another year?

Hi there!

You can claim up to $5,000 for the purchase of a qualifying home in 2021 or earlier if you meet the following conditions:

You (or your spouse or common-law partner) acquired a qualifying home
You did not live in another home that you (or your spouse or common-law partner) owned in the year of acquisition or in any of the four preceding years (first-time home buyer)

To learn more, visit: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-31270-home-buyers-amount.html