End of the Year Tax Tips for 2013 Watch Video
Allan Madan, CPA, CA
The end of the year provides an optimal time to use a tax savings approach. Read More…
Disclaimer
The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.
ABOUT THE AUTHOR
ALLAN MADAN
CPA, CA
Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.
Hello Allan
First of all I would like to thank you for posting so much valuable information on your web page. Great Work!!
I have a question regarding claim of First Time Home Buyer deduction. I was living with my father for the last 5 years but I bought a new home jointly with my father. I contributed 30% towards down payment and my father contributed 70%. My father rented out the previous home and we live together in new home. Please advise if I can claim First Home Buyer deduction since this is my first home
Thanks
Hi Harmesh,
You could qualify as a first time home buyer, so long as the home was not purchased in the previous 4 taxation years.
Thanks,
Allan Madan, CPA, CA
Tel: 905-268-0150