ElliesQueries Posted August 14, 2023 Report Share Posted August 14, 2023 It states on the CRA Website that the Home Buyers' Amount increased to $10,000.00 for qualifying homes purchased in 2022. Has this change been made to the program? If not, will CRA amend it from $5,000. to $10,000. automatically? From the CRA Webiste: Jan 24, 2023 ...Line 31270 – Home buyers' amount Note: You can claim up to $10,000 for the purchase of a qualifying home in 2022 if both of the following apply: 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. Quote Link to comment Share on other sites More sharing options...
Geo123 Posted August 14, 2023 Report Share Posted August 14, 2023 Hello ElliesQueries, Please verify that your UFile Windows software is up to date : >>Open UFile Win >> Settings (top right hand corner “*” >> Check for updates (Can also check automatically when open application. Check for updates automatically) Quote Link to comment Share on other sites More sharing options...
ElliesQueries Posted August 14, 2023 Author Report Share Posted August 14, 2023 I just noticed that although it states that the amount cannot exceed $5,000.00, you are able to enter $10,000.00 and it calculates correctly. Quote Link to comment Share on other sites More sharing options...
HUNG Posted April 24 Report Share Posted April 24 Does anyone know where to find line 31270 (home buyer's amount) in Ufile 2023? Quote Link to comment Share on other sites More sharing options...
Geo123 Posted April 24 Report Share Posted April 24 Hello HUNG, Click on >>Interview setup (Left side of screen) >>Go to Interview setup (right side of screen Go to the Section [Other topics]. *Moving expenses *Repaid amounts made to the government or to an employer *Other deductions and credits (including school supply and home buyers' amount) < - - - HERE *Adjustment request for a tax return that has been filed THEN in “Other deductions and credits” Go to Section [Other Credits] Federal line 31270 - Home buyers' amount for the purchase of a qualifying home <- - - HERE Federal line 31350 - Digital news subscription expenses Federal line 46900 - Eligible educator school supply tax credit ON479 line 63052 - Ontario staycation tax credit ON479 line 63100 - Ontario seniors' public transit tax credit Line 31270 – Home buyers' amount Note: Line 31270 was line 369 before tax year 2019. You can claim up to $10,000 for the purchase of a qualifying home in 2023 if both of the following apply: 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) • Interview setup (left hand navigation pane - - beneath “CRA Express NOA”) • Double click Interview setup -Go to right hand screen • Other topics • Other deductions and credits (including school supply and home buyers’ amount) Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.