CRA Updates Jason Smith CRA Updates Jason Smith

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.

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