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Returning Member
posted Apr 14, 2020 10:48:30 PM

Ontario energy and property tax credit (OEPTC) section

I purchased a condo in Oct, 2018 and its closing was April 2019, So there was no property tax paid in 2019. I have paid the property tax for 2020 interim though in 2020. I have two questions listed below.

 

1. There is a section called "Payments related to your principal residence" where I need to input the property tax for Ontario energy and property tax credit (OEPTC)

What should I input the number? N/A?

2. Or should I input the interim occupancy date's payments paid until April before closing?

0 1 364
1 Replies
Intuit Alumni
Apr 19, 2020 8:26:49 AM

  1. The property tax you paid in 2020 is broken into the 2019 portion and 2020 portion. The 2019 portion is reported in the 2019 Tax return since the closing was April 2019. You can obtain a broken down details from the City of your Province.
  2. Your benefits are broken into rental fees and property tax fees > enter both payments in separate entries.
  3. The letter you have received regarding the GST/HST is to prove that you were repaid and don't have to claim this amount again because the builder has taken care of it. So, do not enter the amount anywhere. 

I hope this was helpful