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Old 2011-03-12, 12:56 PM
jane22 jane22 is offline
Regular User
Join Date: Nov 2009
Location: Ontario/Ottawa
Posts: 80
Default Delayed Closing reimbursement tax exempt?

I received notice my home will not be ready by its original firm closing date and I have received a new extended closing date.

I believe I will be entitled to apply for delayed closing reimbursement through Tarion once I close, if I receive payment will I need to claim it on my taxes? Will I have to pay tax if I do need to claim it?

Thanks for any advice you can offer.
Original closing date Oct 7th, 2010
New Firm closing date June 6th, 2011
Extended closing date Feb 6th, 2012
Delayed beyond Extended closing to April 12 2012.

Finally within reach!

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