What documentation should I submit if I am the account holder?
The account holder must submit the following documentation for the first-time home buyer savings account with their income tax return:
- Account statements that show the contributions made during the tax year and the taxable interest or earnings on the account in the tax year for which the deduction is claimed
- Upon withdrawal of funds from the account, a copy of the real estate settlement statement that shows the withdrawal was used for eligible costs
- The Form 1099 issued by the financial institution for the account for the tax year in which the deduction is claimed.