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Please see the below detail:$ I V- W. ?- C5 A
Line 369 – Home buyers’ amount
9 @( S6 Q1 C8 `& _2 q: y! R$ hYou can claim an amount of $5,000 for the purchase of a i, ^% S% }* ]0 B9 q/ F! ~4 `
qualifying home made in 2010, if both of the following; W @& X; M3 F9 K; V7 I" I
apply:
. ?) ^) a: f6 u$ N+ L" N0 r■ you or your spouse or common-law partner acquired a- C+ y1 g# x$ [4 i$ L% T
qualifying home; and
0 G' x; |8 N! S- N# W5 T; Y* O; K■ you did not live in another home owned by you or your
6 G$ h$ d A6 W3 jspouse or common-law partner in the year of acquisition- A; `2 X- E+ J2 o) g5 e2 i! r* [
or in any of the four preceding years (first-time9 _8 \) r/ x5 v* _3 E
home buyer).# b" G, E2 F/ Z% P
Note7 T7 D/ a) o0 U* n
You do not have to be a first-time home buyer if you are. l5 B2 }1 o. S- s: S: `5 x+ L
eligible for the disability amount or if you acquired the: J+ W( _2 `9 M. L8 C8 h1 Y% d
home for the benefit of a related person who is eligible9 I0 a: O3 {3 K# X3 @. w
for the disability amount. However, the purchase must" r3 m4 k0 c/ j
be made to allow the person eligible for the disability
9 e: a+ | }$ \! v8 Z8 damount to live in a home that is more accessible or better0 C: m) Q; e0 j
suited to the needs of that person. For the purposes of
' X& @9 E8 g* M' W lthe home buyers’ amount, a person with a disability is
6 n* T8 G/ J$ w! wan individual who is eligible to claim a disability amount
% P, N; ~! z8 ?/ Y; _4 qfor the year in which the home is acquired, or would be
" F: r b! K7 Geligible to claim a disability amount, if we do not take2 s* G# L% z$ s
into account that costs for attendant care or care in a
0 ?# O/ O2 b! k. f: ?7 ^nursing home were claimed as medical expenses on lines
1 R* ^$ z7 ^, @; N' A9 u330 or 331.
1 |" t1 e$ p+ b q$ Z7 L9 }A qualifying home must be registered in your and/or your+ \ y" H) e4 _& w @
spouse’s or common-law partner’s name in accordance
* D! X7 y2 l* Z! swith the applicable land registration system, and must be
) N/ z, i! e1 glocated in Canada. It includes existing homes and homes
! R2 o% X. `- t) [ lunder construction. The following are considered2 J9 m% z) z w" K( Z& s
qualifying homes:
- o6 p% M' i/ [■ single-family houses;
0 D0 M; _/ u5 Y8 n5 w; a' N: _% K& `. L■ semi-detached houses;
; n% {6 ~7 H6 W- W; F* N; H; t* M0 w■ townhouses;# P+ N$ H% h3 c/ a* \( g9 p" S
■ mobile homes;) O/ J/ B6 I' ^8 b8 b: O$ S
■ condominium units; and$ J: Y0 j* L, W, q- ]
■ apartments in duplexes, triplexes, fourplexes, or, D( l- |0 Q1 Z @# T* f! r: }
apartment buildings. a4 C7 Q) {- `, V3 M- S
Note
1 K' O4 x8 B7 W- IA share in a co-operative housing corporation that
( t1 y6 N6 x. i, U, m c: Z* `entitles you to own and gives you an equity interest in a
; B5 B6 J0 J P) {+ z# `% H' g1 Nhousing unit located in Canada also qualifies. However,% G, Y0 r0 W6 g* p C
a share that only gives you the right to tenancy in the
6 c V \4 a$ W/ Y9 Vhousing unit does not qualify.3 p. Y* C/ s! G4 l: q! c
You must intend to occupy the home or you must intend
3 X& `% H2 P/ r4 S; }; H4 l6 qthat the related person with a disability occupy the home as7 |3 U( `# o+ k' {/ N$ A* @1 b1 B
a principal place of residence no later than one year after it. {8 `; R2 H; ]9 _7 t1 k
is acquired.
+ o$ g) N8 Q/ y& H( FThe claim can be split between you and your spouse or
# _; @+ S( Y u' O* ~common-law partner, but the combined total cannot exceed
& x% Q9 ~7 K# n! o/ E- \) W# b/ z$5,000.# b( U2 i& ^9 }, W% V
When more than one individual is entitled to the amount4 R* B8 L M5 G$ B2 N3 N
(for example, when two people jointly buy a home), the% C0 N* a7 I! N: r( ^
total of all amounts claimed cannot exceed $5,000.
" G! L2 N; r# ESupporting documents – If you are filing electronically, or
5 O! H; S9 ~1 a: pfiling a paper return, do not send any documents. Keep all. R! `' I2 W' \% M' n% g
your documents in case we ask to see them at a later date. |
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