Can a residence owned by a partnership qualify as an eligible dwelling for the purposes of the home renovation tax credit ("HRTC")? CRA responded:
Although a housing unit or a share of the capital stock of a co-operative housing corporation may be partnership property, a partnership is not a taxpayer for purposes of the Act and therefore cannot claim the HRTC. However, a member of a partnership that has made qualifying expenditures as defined in subsection 118.04(1) may claim the HRTC, provided that the member satisfies all other requirements of the HRTC.