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Please see the below detail:7 b" U1 P( A# ~! a
Line 369 – Home buyers’ amount
) k% R7 x$ S! ^You can claim an amount of $5,000 for the purchase of a
) b+ P' c: a# l8 k rqualifying home made in 2010, if both of the following# s4 {- u( x/ G' S( c% |
apply:
' \1 |" T' z" m/ y6 }% X9 Z. j8 k: [■ you or your spouse or common-law partner acquired a' J4 K: B! I$ o" D) S/ l
qualifying home; and
; l% h0 u7 d) ~8 a: t■ you did not live in another home owned by you or your O* _4 E; W! D) T; K0 S3 `
spouse or common-law partner in the year of acquisition, z! G* B" I9 v+ L
or in any of the four preceding years (first-time; r) {4 |! t4 F( B+ K( m
home buyer).
# a4 Q9 f8 i- B/ TNote
+ h% p( T) U% zYou do not have to be a first-time home buyer if you are
R9 G+ S: H6 X4 jeligible for the disability amount or if you acquired the
7 K+ k% I& ?5 O6 N: v; @+ Zhome for the benefit of a related person who is eligible( N( @+ s$ F6 [! H |& m. k
for the disability amount. However, the purchase must( ^& W5 F8 s5 s ?
be made to allow the person eligible for the disability
) j0 {. Y: c6 c& { p: Z$ t* ~1 @! famount to live in a home that is more accessible or better
; R4 F7 C6 ]3 W0 o N# Osuited to the needs of that person. For the purposes of6 w! U- \6 I: U' p0 C6 M
the home buyers’ amount, a person with a disability is9 T( l$ m" i$ }, J( ?6 @- n
an individual who is eligible to claim a disability amount# e9 p9 M' d) A$ a" _( e) q0 E
for the year in which the home is acquired, or would be9 {8 f# W3 W( B3 E
eligible to claim a disability amount, if we do not take
* T$ ]& V2 q1 q6 b: n# binto account that costs for attendant care or care in a
0 ]4 [- |3 @( F0 ~7 w& c# Z+ jnursing home were claimed as medical expenses on lines9 [( S( E, Q( C) a; i. T' w
330 or 331.
& U- I1 p5 c L" i, ~7 fA qualifying home must be registered in your and/or your
) @8 J+ X) m. @$ Qspouse’s or common-law partner’s name in accordance
# M2 ^5 F6 x% v8 X( Q! Gwith the applicable land registration system, and must be
0 y$ u6 ?! W, D% D% Ilocated in Canada. It includes existing homes and homes
2 S; Y1 k! x6 _! ^& funder construction. The following are considered1 M" m$ s7 Y: A" U: S& j
qualifying homes:
+ Q* k9 r4 [% u■ single-family houses;- o y. B7 C( }
■ semi-detached houses;1 D1 D3 |3 H. H. i$ o* i
■ townhouses;$ ~9 d# t) v- |; [" H
■ mobile homes;; f% s, c! f3 N" o0 H* M& I- O5 U
■ condominium units; and# P' t) K; V8 G
■ apartments in duplexes, triplexes, fourplexes, or
& k: ^% Z3 A$ {0 Bapartment buildings.
% e* I( @: j. p, ]7 D9 bNote: d5 h" k: i; t3 T" t, C& C# s
A share in a co-operative housing corporation that, t8 g( S, K2 x; K2 Q" _ T
entitles you to own and gives you an equity interest in a
# }. L- x, T# z& Z# Qhousing unit located in Canada also qualifies. However,- U3 c$ B$ d3 B5 R7 ?8 C* X
a share that only gives you the right to tenancy in the
" M8 P% [- z! T- E$ _housing unit does not qualify.
, i6 V3 Q* h$ mYou must intend to occupy the home or you must intend- _% w0 B& J$ v9 X. b- s% v- M
that the related person with a disability occupy the home as
3 ?( m% }0 Z' e$ {3 i6 V. W+ }3 Oa principal place of residence no later than one year after it
1 p7 o, l$ J' t. G4 ris acquired. K; s/ x# ?, F- E* f! p+ W
The claim can be split between you and your spouse or
% q! j$ |# Q* Q U2 ecommon-law partner, but the combined total cannot exceed
' K" C, J9 r5 m, Y3 U9 B$5,000.
$ a' J$ C7 o( S! a' j' t( o5 LWhen more than one individual is entitled to the amount& S; \7 H2 H& f# ^2 n' ?" }# X
(for example, when two people jointly buy a home), the% S2 P. x$ _4 S& A: e) C z/ A. r
total of all amounts claimed cannot exceed $5,000.
" m% D; Y3 q2 f2 f4 @) HSupporting documents – If you are filing electronically, or
1 \* E% X3 y& c+ q% s. ^! A) ?: Z; v pfiling a paper return, do not send any documents. Keep all
# c, |5 s6 Z7 r9 c1 K5 f8 Q: N4 `your documents in case we ask to see them at a later date. |
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