Adjusting previous tax return

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May 5th, 2020 12:22 am

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May 4th, 2020 8:17 pm

DonkeyDoo [OP]: Sr. Member; Feb 18, 2019; 569 posts; 795 upvotes

May 4th, 2020 8:17 pm

Adjusting previous tax return

I bought a condo in 2017 (first time home buyer, Toronto) and my accountant never claimed the first time home buyer credit (line 369).
I am able to login to CRA online account and just adjust the return. Is this OK to do? Do I just put $5,000 in line 369?
I am on title 99% of the condo, and my father is on title for 1%... He is not a first time home buyer. Does this effect my situation?
Thanks!

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May 4th, 2020 10:32 pm

pardnme: Deal Addict; Feb 22, 2007; 2077 posts; 288 upvotes; Mississauga

May 4th, 2020 10:32 pm

yes do it online,

techniically you would only claim 99% of the 5,000

May 5th, 2020 12:22 am

ml88888888: Deal Fanatic; Jan 19, 2017; 9356 posts; 5598 upvotes

May 5th, 2020 12:22 am

DonkeyDoo wrote: ↑ I bought a condo in 2017 (first time home buyer, Toronto) and my accountant never claimed the first time home buyer credit (line 369).
I am able to login to CRA online account and just adjust the return. Is this OK to do? Do I just put $5,000 in line 369?
I am on title 99% of the condo, and my father is on title for 1%... He is not a first time home buyer. Does this effect my situation?
Thanks!

Did you tell your accountant you bought a house? If you didn’t tell him, then he wouldn’t have known to claim the credit.

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