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March 28, 2023
Question

How to indicate home was purchased & closed in 2022, but that the owner isn't a first-time buyer?

  • March 28, 2023
  • 1 reply
  • 0 views

From the screencap below,  the answer to the questions all suggest that the owner of the new home qualifies for the first-time home buyer credit.  However, I want to make it clear to the CRA that the owner is NOT a first-time home buyer in order for the return to be filed accurately. With that in mind, how should I respond to these questions? Thanks for your time.

1 reply

March 29, 2023

When asked if you owned and lived in another home in the past years say YES and when they ask is this a qualifying home say NO. This will indicate that the owner is not a first time home buyer.

 

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nardeanAuthor
March 29, 2023

Thanks!