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Please see the below detail:
% K9 K0 V8 h% }0 F6 k% a+ gLine 369 – Home buyers’ amount
2 n- `- i" n$ A, q, C$ o& M: l6 ^ }You can claim an amount of $5,000 for the purchase of a
: I* y U/ d" j$ pqualifying home made in 2010, if both of the following
2 s2 _% ^& t3 P0 `$ zapply:! u( R9 a6 Z; t8 [1 V2 T
■ you or your spouse or common-law partner acquired a
: E5 F8 d' B+ z$ i+ o4 [3 w$ Aqualifying home; and
" O* [9 s4 G: R■ you did not live in another home owned by you or your
" |% _( X$ }1 A5 Yspouse or common-law partner in the year of acquisition4 l: v8 _$ B1 h4 \( k; C
or in any of the four preceding years (first-time! u( [7 ~# Y" I4 g1 c
home buyer).
O! Y3 L/ A1 f. [Note0 L/ E! C! f) z7 l
You do not have to be a first-time home buyer if you are
0 L& X$ u4 @3 z$ P' E! Religible for the disability amount or if you acquired the
: f5 Z# p4 {4 J9 Q) Vhome for the benefit of a related person who is eligible. B& Y7 w Q# ]( I
for the disability amount. However, the purchase must8 U$ S# z* y8 t! f6 U+ y7 L& @* W- K. ~
be made to allow the person eligible for the disability
$ X# Q$ T; k0 ~% U5 r, Q3 Kamount to live in a home that is more accessible or better0 \0 x. s+ I9 H% ~! k2 n
suited to the needs of that person. For the purposes of
J) A+ j: Z8 c% }: M1 a2 K% wthe home buyers’ amount, a person with a disability is
* T, x* X3 w& j+ ~7 N# fan individual who is eligible to claim a disability amount
& {6 r) U3 M5 N+ [) C* |+ G) jfor the year in which the home is acquired, or would be
$ Y1 O$ `) a( a- y* feligible to claim a disability amount, if we do not take
/ d, c# f2 B. g6 dinto account that costs for attendant care or care in a
; o/ r* v9 P5 @1 T& _/ f- hnursing home were claimed as medical expenses on lines
" L: p5 u& ]9 ]; k2 C5 i330 or 331.4 V. c. g) E# \9 H
A qualifying home must be registered in your and/or your2 h$ j# {1 l/ M5 b3 H& `+ A
spouse’s or common-law partner’s name in accordance( F9 y8 G1 R6 }. @
with the applicable land registration system, and must be
! ~+ c$ A% W$ e clocated in Canada. It includes existing homes and homes
; E* Q0 |5 n) [" N/ Q/ |under construction. The following are considered
5 [* N; p2 A3 W5 _* D5 x8 Oqualifying homes:# `, k6 ^) q; g9 [! [% \* }
■ single-family houses;, }, ?* ^8 W2 j1 e8 G- P0 d
■ semi-detached houses;! V" q0 z7 f! i+ r0 h, i- i- }: L
■ townhouses;% H3 \# s, a: L1 ?7 b' m$ R
■ mobile homes;
- `6 _: @0 O9 B# t2 x0 K' f■ condominium units; and, k; {; i; P# ~
■ apartments in duplexes, triplexes, fourplexes, or
' `$ L/ S. F* f# w7 _+ capartment buildings.% V7 S3 \: V0 p. [
Note, l, v5 Z+ S7 ^: G0 C4 j
A share in a co-operative housing corporation that+ c5 g3 d) K3 ~
entitles you to own and gives you an equity interest in a
& U1 \% @! I: j0 w5 \- k" uhousing unit located in Canada also qualifies. However,5 \- N8 Z, Q3 l+ s% ~- T& a3 y
a share that only gives you the right to tenancy in the
0 e3 p- g" b: e4 khousing unit does not qualify., b% h8 q4 q" ?) U8 |
You must intend to occupy the home or you must intend
9 c9 T S! K' H3 W. v& c! C( l: nthat the related person with a disability occupy the home as
! j, f; @1 Y+ Ca principal place of residence no later than one year after it
W" ~) x( T4 A' c+ |is acquired.
; U( \/ D$ w7 FThe claim can be split between you and your spouse or0 W1 m2 M) B7 ?
common-law partner, but the combined total cannot exceed+ b# r0 \% V* P
$5,000.8 e0 o7 z1 l7 A' G$ t
When more than one individual is entitled to the amount- D O C" g1 {% _2 i- ~
(for example, when two people jointly buy a home), the
% i2 V; q4 l& y: \5 _total of all amounts claimed cannot exceed $5,000.
4 C8 w; B% i% R5 @' q3 ESupporting documents – If you are filing electronically, or' T+ K% s# U& Q
filing a paper return, do not send any documents. Keep all
2 L. e- e) R5 v) K& G0 \your documents in case we ask to see them at a later date. |
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