You should claim the actual amount of property tax...

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
EnglishEN

Pick a language

Français English
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

If property tax is paid through mortgage, would i claim the amount i paid into the tax account for the year or the amount thay my property tax actually was?

In ontario, mortgage payment includes a portion to go towards property tax and at the end of the year the amount I paid into the tax account was higher than the property tax ended up being

1 Reply
Moderator

If property tax is paid through mortgage, would i claim the amount i paid into the tax account for the year or the amount thay my property tax actually was?

You should claim the actual amount of property tax that you paid on your income tax return.  Do not add any of your mortgage payments.

v