A sharp eyed reader alerted me to this tax credit which I had completely overlooked.
This $5,000 tax credit is normally for first time buyers, however if you acquired the home for the benefit of a related person who is eligible for the disability amount you may claim the amount. The purchase must be made to allow the person eligible for the disability amount to live in a home that is more accessible or better suited to the needs of that person. Refer to CRA – Home Buyers’ Amount.
Thanks and keep the tips coming!
How i can claim for this amount i mean what kind of form do i need to fill and where i need to submit it. Please guide. Thank you
It is line number 31270 on your tax form