Whether you’re here for the heat or not – we know one thing will never go out of season: benefit and credit payments and tax-free savings.

Read on to find out what’s new, what’s changing, and what payments you could receive to help you beat the heat.

If you bought, built, sold, or renovated a home in 2023, you might be wondering what that means for your tax situation. Don’t worry, the Canada Revenue Agency (CRA) is here to help. We have information about tax incentives that can help you with housing costs.

November is Financial Literacy Month, a time for organizations across Canada to come together to talk about personal finances, and how to manage different aspects of them. When we think about how best to manage our money, and what we want to accomplish with it, purchasing a first home is often at the top of the list. Let’s face it, it is not always easy to know what mechanisms are out there that we can take advantage of. That is why, in November, various financial organizations are talking about available financial tools and resources to get the conversation going!

If you bought, built, sold or renovated a home in 2021, we’re here to help you with your tax affairs. Here are some helpful tips and information to get you ready for this tax-filing season.

Claim $5,000 on your tax return: The home buyers’ amount (line 31270) is available if:

• you (or your spouse or common-law partner) acquired a qualifying home in 2021; and

• you did not live in another home that you or your spouse or common-law partner owned in the current year or any of the previous four years.