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Please see the below detail:
* s! n2 c/ Y& F) MLine 369 – Home buyers’ amount/ M7 I' @3 Y/ ]2 Q7 D
You can claim an amount of $5,000 for the purchase of a
" F' l' i/ U/ }: Q4 I4 rqualifying home made in 2010, if both of the following8 i5 J; O1 x9 M1 }0 T& r, s
apply:
/ ?5 Z2 N/ y+ T4 ?3 [5 H■ you or your spouse or common-law partner acquired a ^; p2 R' C/ x- H5 A: q) V! t
qualifying home; and
' [' F! W( P: c: M■ you did not live in another home owned by you or your
; g& J; }+ W0 s4 p8 r- zspouse or common-law partner in the year of acquisition+ h, c/ s V' e# s, S
or in any of the four preceding years (first-time
" Z; F$ S; l& C ~1 Ehome buyer).
V7 w( t2 r6 R' h, hNote
, F2 `* j' S" `2 X! o# ?, lYou do not have to be a first-time home buyer if you are
- G7 j5 c# r% P! Zeligible for the disability amount or if you acquired the3 U) I2 ]9 j- W
home for the benefit of a related person who is eligible( G# k$ V% P% F4 x! Z% o
for the disability amount. However, the purchase must
% G: K% S% q5 n! [be made to allow the person eligible for the disability- r, O$ n( P+ q/ V, c- L
amount to live in a home that is more accessible or better2 k3 N3 L7 M2 S" _* Y7 v
suited to the needs of that person. For the purposes of
8 F3 ~$ o5 Q W: v" Ithe home buyers’ amount, a person with a disability is3 D4 }( _& [0 }/ ^, w
an individual who is eligible to claim a disability amount5 I( U0 a( H8 p' f+ e
for the year in which the home is acquired, or would be# V3 O5 ^1 m4 J: B+ _0 x
eligible to claim a disability amount, if we do not take
: u, `' O& D+ n6 _* s9 z6 o ointo account that costs for attendant care or care in a# c' K1 i3 N K7 t
nursing home were claimed as medical expenses on lines
9 m: w- R0 g" p% N( s; c5 z( ?330 or 331.4 y6 M1 L- ^+ O9 X
A qualifying home must be registered in your and/or your8 r8 X. j$ y* f j! ]
spouse’s or common-law partner’s name in accordance8 b" h4 G" {) i3 _% F
with the applicable land registration system, and must be
1 v9 \; q8 e9 L+ R* ylocated in Canada. It includes existing homes and homes
3 \- X2 A. `) B$ hunder construction. The following are considered- y8 u1 ]% q: x" J
qualifying homes:
! ~. v% P- a. `+ Y9 h, P7 E9 k■ single-family houses;
0 _/ }2 d7 q. w7 K■ semi-detached houses;
" P- u* S; ?, A; [# z. _■ townhouses;% c) K: x1 i' R3 B
■ mobile homes;
0 D' C* t* | z: @* J4 Q' |1 Q6 J1 t■ condominium units; and- u. m0 Z" ~+ |8 k* C, c* `' a
■ apartments in duplexes, triplexes, fourplexes, or+ E4 S" g4 s* w6 z# x4 a
apartment buildings.
5 G( L7 k4 m8 F$ G4 dNote
: |1 W0 d% C, L6 m0 W% cA share in a co-operative housing corporation that
/ w: M+ O. H/ J4 v3 Hentitles you to own and gives you an equity interest in a
3 Q. o7 R j4 }/ i8 g2 B- shousing unit located in Canada also qualifies. However,
5 m! d) Y; z! w; |) U$ ra share that only gives you the right to tenancy in the
4 }; [4 b1 q; \" B# P( Whousing unit does not qualify.
- {, D- R- o* {- h; G2 _$ i- |" U( R# FYou must intend to occupy the home or you must intend
: {! D7 G r5 r4 Rthat the related person with a disability occupy the home as
6 H& g6 z k, C$ M* fa principal place of residence no later than one year after it
3 E/ }- h+ ?% \: E% H$ g2 U1 ois acquired.* c, M/ m" q4 d& p9 v- S
The claim can be split between you and your spouse or
; C! e& l. B1 L" v* z$ n- z4 Kcommon-law partner, but the combined total cannot exceed$ ^/ W- E1 m% @
$5,000.
( u& q! |, }6 q3 f% vWhen more than one individual is entitled to the amount
, l" d. q% Y/ t) `5 G6 L! \0 a% ?# p(for example, when two people jointly buy a home), the
, l# S1 w3 ]% p7 j2 Jtotal of all amounts claimed cannot exceed $5,000.
! j+ T9 F/ d) V; K1 c! `0 G- YSupporting documents – If you are filing electronically, or
9 I* I' f o. M# B7 Zfiling a paper return, do not send any documents. Keep all
/ `# [- o, j' }" }3 o' Z e z7 myour documents in case we ask to see them at a later date. |
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