Home Buyers' Amount - Federal
To claim the first-time home buyers' tax credit, please follow
the steps below:
1- On the "Left side menu on the Interview
tab", select "Other deductions and
credits".
2- On the page appearing on the right, scroll to the group
"Other credits" and click on
the plus sign "+"
icon located on the right of the line " Home buyers' amount
for the purchase of a qualifying home (Federal,
Quebec)".
3- On the page that appears, on the line "Are you
eligible to claim the home buyers' amount and/or the Quebec
first-time home buyer's tax credit? ".
4- If you answer "Yes", you must choose whether
you share your amount according to the four choices.
5- If you choose "Claim specified amount", you
must enter the amount claimed by your spouse and your
amount. If the co-owner is not your spouse, leave the field
blank.
This credit can be claimed in whole or in part by you or your
spouse.
Please note that if the new home
is co-owned by someone other than your spouse, you must also
enter the information in the other person's file.
The program will generate the Home buyer's amount at
line 31270 of the federal return.
For more information, consult the following link:
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-369-home-buyers-amount.html
ID: 20191113115910NA.xml
Webpage: KPA310-20191113115910NA.htm
