Canada Greener Properties Initiative February 2024 Update
Failure to fulfill either of those requirements may result in a $50 penalty for each failure. The mortgage curiosity statement you receive should show not only the entire curiosity paid during the year, but in addition your deductible factors paid through the 12 months. If you meet all of the checks beneath Exception, earlier, except that the points paid have been greater than are typically charged in your area , you presumably can deduct in the yr paid solely the factors which are generally charged. You should spread any extra factors over the life of the mortgage. In the year …
