Did you buy, build, sell, or renovate a home in 2023? These tax measures could help you!
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.
Did you buy, build, sell or renovate a home in 2021? Here’s what you need to know
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.