When you file your federal income tax return with the Canada Revenue Agency (CRA), don't forget to tell your accountant that you bought a house or condo.

The line that refers to this credit on your tax return is 31270, which is titled "Home Buyers' Amount." If you meet the eligibility criteria, you would be entitled to $1,500 on your tax return.

Do not hesitate to discuss it with your tax accountant or refer to the CRA website Line 31270 – Home buyers' amount - Canada.ca