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Please see the below detail:' w7 u, ?; y# z$ A( C! L- o5 c
Line 369 – Home buyers’ amount( M' B) Q+ e0 o3 c/ s7 v
You can claim an amount of $5,000 for the purchase of a
' |, K- j/ g1 I) `- o$ x' z4 P) Vqualifying home made in 2010, if both of the following
2 i! Y' Z( F/ X. rapply:
/ o1 n2 {* D5 ~■ you or your spouse or common-law partner acquired a
1 O% g( W0 v4 x, Aqualifying home; and
- E* t1 V3 s. E( b5 j+ f4 f3 E. t■ you did not live in another home owned by you or your
8 e, M. e9 W7 m) j8 l; [+ Qspouse or common-law partner in the year of acquisition
4 i3 B7 T) n5 G/ u5 F- c" s9 por in any of the four preceding years (first-time
6 A4 o4 w' v! o' _) U( nhome buyer).3 a+ v% J1 T4 ~1 T1 ^) k
Note
" B% Q: r' l9 Q% Y2 {You do not have to be a first-time home buyer if you are" @+ p, O% @; r g; w& B" W
eligible for the disability amount or if you acquired the
2 a5 k/ G6 R$ t4 J) |9 uhome for the benefit of a related person who is eligible& t7 d3 l* n: X0 Q
for the disability amount. However, the purchase must
0 ]# t9 [1 v* c7 \be made to allow the person eligible for the disability+ L+ ^5 Q4 g9 E% v. N3 s( C
amount to live in a home that is more accessible or better9 n6 p4 X9 z- q* P+ X* x$ a
suited to the needs of that person. For the purposes of
& p9 X$ Q p a, lthe home buyers’ amount, a person with a disability is
/ @, e) x* W' W6 tan individual who is eligible to claim a disability amount% p4 _* k- Y' h f- _' b5 I: u
for the year in which the home is acquired, or would be
8 }* |; Q% L, a A# H+ i1 f Celigible to claim a disability amount, if we do not take
4 l d2 a! c0 b* L+ n4 M. @4 |9 ointo account that costs for attendant care or care in a! b# q/ K, [( r& x
nursing home were claimed as medical expenses on lines' Z- h3 Y6 n# J3 o# G
330 or 331.8 D c6 n* o& h. F3 H
A qualifying home must be registered in your and/or your
0 A7 R1 \. [5 `; Aspouse’s or common-law partner’s name in accordance6 f. }' @, J$ R$ Y+ q, O* k
with the applicable land registration system, and must be
- k H7 X+ a8 f. y* s& Dlocated in Canada. It includes existing homes and homes$ e/ {% J. E6 \1 t: l ~7 W0 ~
under construction. The following are considered
1 O, _5 {+ t; R' P$ jqualifying homes:0 N6 f& W* o1 i: M# j
■ single-family houses;
$ M# a9 t1 x9 Z/ f* ]9 p■ semi-detached houses;$ ]2 k. p8 G: d5 h9 N4 y
■ townhouses;1 z6 ~4 {2 t( b- Q9 }
■ mobile homes;
5 _9 K$ h! f( j- |/ v) R" Z■ condominium units; and
5 n! w+ _- X) |1 B$ ]4 ]7 |4 h* Z■ apartments in duplexes, triplexes, fourplexes, or
8 _( R* I% H, v' o- ^# Napartment buildings./ }6 x9 q3 h( l3 I' D* o/ x$ C
Note. V! u' y* B& W V
A share in a co-operative housing corporation that) ?8 f) l" t0 E( d
entitles you to own and gives you an equity interest in a8 k' ?7 e& O& ]& W/ h5 O0 N: O
housing unit located in Canada also qualifies. However,
8 ]# _$ ?0 K3 p+ s, Y. _$ ]a share that only gives you the right to tenancy in the4 j2 t! R5 O( L& O2 M
housing unit does not qualify.
. n/ P! ~8 F( u9 `6 S( ?You must intend to occupy the home or you must intend
5 U$ d7 ~$ q9 ]! p8 a5 Gthat the related person with a disability occupy the home as1 m& x3 h% |. [
a principal place of residence no later than one year after it. G" }$ i8 T4 w5 N/ L
is acquired.9 u7 l9 }; @3 K- Y* w
The claim can be split between you and your spouse or
' \1 z2 k/ ]5 s" y% fcommon-law partner, but the combined total cannot exceed
$ ~4 t/ G$ Z, K! a/ K9 n+ [: H2 Z$5,000.
. [5 l! `- b5 d h EWhen more than one individual is entitled to the amount2 R% Z2 H( W8 M; Z2 }
(for example, when two people jointly buy a home), the1 @! P' c4 N) B2 y9 j2 S
total of all amounts claimed cannot exceed $5,000.
" o2 X* h% U' C# B4 Y2 uSupporting documents – If you are filing electronically, or* E) W- Q- N( J8 Q5 {( Z( w( i
filing a paper return, do not send any documents. Keep all! j, |4 z' V0 f. k# i9 n. W: P+ j
your documents in case we ask to see them at a later date. |
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