Jan 24, 2023 ...Line 31270 – Home buyers' amount, you can claim up to $10,000 for the purchase of a qualifying home in 2022

[ElliesQueries]

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.

[Geo123]

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)
 

[ElliesQueries]

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.

[HUNG]

Does anyone know where to find line 31270 (home buyer's amount) in Ufile 2023?

[Geo123]

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)