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Please see the below detail:& A% L' s- W& o4 Y- s
Line 369 – Home buyers’ amount
3 e" t6 M' c0 _1 y4 gYou can claim an amount of $5,000 for the purchase of a
' f" g: a) b' m! L( ]. ~qualifying home made in 2010, if both of the following0 j R1 u) m- P& m1 k
apply:
2 P$ q/ s/ b. Y$ A( x8 p■ you or your spouse or common-law partner acquired a; ~* E) u4 L9 G7 G3 h! m: S
qualifying home; and
2 c' X. l% }8 f1 X o■ you did not live in another home owned by you or your: e) H0 p$ c6 l
spouse or common-law partner in the year of acquisition2 B" M7 {* J, l. w& P( m; a4 X
or in any of the four preceding years (first-time
, L+ c1 D( j% w( H% Y2 U6 Qhome buyer).; N4 @% E* T P
Note7 ~4 @: X. T7 H, n) \. L9 V
You do not have to be a first-time home buyer if you are
) i& t9 B9 W' l/ O5 [. ~eligible for the disability amount or if you acquired the
" H: {7 r/ _1 `5 G1 Thome for the benefit of a related person who is eligible. s8 @) M+ s$ o" |* u) {' H+ o/ o
for the disability amount. However, the purchase must
) y( l9 d; v! p, I. s% r+ \be made to allow the person eligible for the disability
3 B/ P; M$ X3 b& p4 Ramount to live in a home that is more accessible or better
* _& Y1 i# z/ q$ w1 I" I2 _/ f, l& xsuited to the needs of that person. For the purposes of
4 ?) G9 p& o1 n4 h2 athe home buyers’ amount, a person with a disability is
6 p: \0 v' I% n3 S5 W. [an individual who is eligible to claim a disability amount- Q: B- x& I7 ^$ X
for the year in which the home is acquired, or would be
. `* a0 j {, F, L: X: Veligible to claim a disability amount, if we do not take
- O) M( d' _/ Y+ Z& }6 U4 N! p. M. _into account that costs for attendant care or care in a
+ P+ A: X6 ?& J* ?, r) mnursing home were claimed as medical expenses on lines
& E/ r& e$ [: }) v) b, X330 or 331.
8 i* }- Q4 D7 v4 v$ R, a7 r' OA qualifying home must be registered in your and/or your
0 F, E: G; e" s6 j9 e. w$ {spouse’s or common-law partner’s name in accordance9 N, `9 J8 v* V" w; l7 J
with the applicable land registration system, and must be3 G" }" e0 E7 G3 o( v# H
located in Canada. It includes existing homes and homes
2 D& }0 E K) R( j( Z5 F2 K& y( Vunder construction. The following are considered
* H, W7 Y2 X# [+ z4 S6 zqualifying homes:
5 I1 N& D8 w5 {$ \' h! W' a■ single-family houses;# H9 U: t2 @( i3 a- y2 z3 r4 ~
■ semi-detached houses;
$ n5 U: [- T1 F4 U) U) ~$ N( h9 j■ townhouses;
. N s# r3 C# ? d■ mobile homes;
R' | v7 C( n9 t h■ condominium units; and
1 ?/ p. ^' z" p4 e G■ apartments in duplexes, triplexes, fourplexes, or
9 F7 c* m" D0 O; B6 Iapartment buildings.
! G- J) k- ^% H! E# A1 z7 VNote: `& `1 Q0 T) Z5 h+ \( b5 @& T- ?' E
A share in a co-operative housing corporation that' {% j! ]9 l" D9 J9 i8 p
entitles you to own and gives you an equity interest in a
, y- w" m) J8 ]housing unit located in Canada also qualifies. However,
6 @" J" @2 N( y7 j) m5 {a share that only gives you the right to tenancy in the# w+ b/ j, ?/ t$ A' g9 b4 H
housing unit does not qualify.
$ ^% u+ V; z% Y$ dYou must intend to occupy the home or you must intend+ ?6 y7 a* ~$ u& @$ y% ~3 w
that the related person with a disability occupy the home as
' B5 l3 _; {: q) L. la principal place of residence no later than one year after it
. X+ \! T4 O! c, B# b# u6 I! Zis acquired.6 ]" \ K3 I- P& F
The claim can be split between you and your spouse or, _/ c2 g% Z$ k0 @- ] X5 X: F
common-law partner, but the combined total cannot exceed7 N. M+ ?1 h6 \. _# i- ]+ |
$5,000.
( Q( {4 D1 k4 N+ j3 y, B' h4 ]: OWhen more than one individual is entitled to the amount
7 ^0 o" s3 [8 B+ f, N8 i(for example, when two people jointly buy a home), the
7 F3 Q8 e+ y/ F8 \total of all amounts claimed cannot exceed $5,000.. v* C2 M1 i: v/ @( I9 s
Supporting documents – If you are filing electronically, or
9 F, `! A% S, a; X+ F/ q5 w1 Ofiling a paper return, do not send any documents. Keep all% r: G" N0 Y' _3 H
your documents in case we ask to see them at a later date. |
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