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New Member
posted Apr 30, 2023 2:30:21 PM

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

Can you claim a homebuyers credit for another year?

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1 Replies
Level 2
May 1, 2023 8:20:13 AM

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