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Please see the below detail:' T, R& R' _8 \
Line 369 – Home buyers’ amount
2 J1 d) ]8 J; V7 TYou can claim an amount of $5,000 for the purchase of a8 W2 B! \" `; y& o5 B/ t: J0 G
qualifying home made in 2010, if both of the following! x/ _8 N5 a: [, [6 U
apply:
2 o0 E8 h' d; I- V3 `- J■ you or your spouse or common-law partner acquired a
. @; |; e- o, ~. N. J$ X+ zqualifying home; and
& _! u2 W1 ], A■ you did not live in another home owned by you or your8 a% C0 [+ [* q3 M6 R1 \+ D
spouse or common-law partner in the year of acquisition" v* v8 u: }. e; K* O
or in any of the four preceding years (first-time: U+ L* D3 s" j6 e, J9 o
home buyer).
2 T% S) ^) n* RNote1 ?/ J' f% i# o3 C9 w. W' s8 n
You do not have to be a first-time home buyer if you are
4 C, ]% `* i* j, N5 Y2 G3 |; Teligible for the disability amount or if you acquired the1 ?1 J% V5 v* W U2 Y- U3 C" P
home for the benefit of a related person who is eligible
8 i7 g4 _: D7 ?2 {' A) ?4 `( n# d) hfor the disability amount. However, the purchase must2 K1 S J5 h' q& U8 f; X& f; n; f& [
be made to allow the person eligible for the disability1 e9 \, F! \) O# |9 N
amount to live in a home that is more accessible or better
: d: C4 o) b* G Rsuited to the needs of that person. For the purposes of! ]$ G( X. ]* k: n
the home buyers’ amount, a person with a disability is
" ?' n. D3 q- q4 fan individual who is eligible to claim a disability amount
8 S! M1 ~: p+ B: Ifor the year in which the home is acquired, or would be3 B2 o% B' X! s$ ?& r
eligible to claim a disability amount, if we do not take3 M" U; k: B* z4 Z/ k. y" ^
into account that costs for attendant care or care in a
* A) h% C! _ A Inursing home were claimed as medical expenses on lines' p* l( P) U& W6 Y# ^8 X
330 or 331.& C2 T, C0 ?/ K6 {" t
A qualifying home must be registered in your and/or your [9 x1 b8 k: f' ^3 I1 u
spouse’s or common-law partner’s name in accordance1 O/ Q8 R/ e) q5 p7 S% H& P3 x
with the applicable land registration system, and must be
: ?/ G8 \4 [ R4 e+ q( w3 G ^located in Canada. It includes existing homes and homes
$ {3 D: H8 M; U: S( ?under construction. The following are considered8 {* n1 W( j! U" w: E
qualifying homes:/ Z% P8 y, u3 S$ x6 t2 a+ n1 _
■ single-family houses;
7 z Q. [2 X. e0 ?! i; T& ~# U$ Z■ semi-detached houses;
$ v/ \; s, F6 w$ T. Y8 M$ @■ townhouses;1 l- U* p$ z3 a: E+ R6 j
■ mobile homes;
1 ~# G: i0 [- J: Q+ e8 T■ condominium units; and1 l' ?4 ^3 o; {
■ apartments in duplexes, triplexes, fourplexes, or
4 C8 |+ ~1 M5 P# Capartment buildings.
9 M; W/ v7 E) ]Note5 G/ B( p9 I: m/ S/ @+ w
A share in a co-operative housing corporation that% g: Y- Y, q. B% B! j1 z* @
entitles you to own and gives you an equity interest in a
" c2 | J3 k( M( M3 F" Thousing unit located in Canada also qualifies. However,& r$ i5 o$ h0 Y. o+ a
a share that only gives you the right to tenancy in the
: } D* o, g4 r% P/ f, Uhousing unit does not qualify.
6 ^/ [& S: M2 s5 C+ UYou must intend to occupy the home or you must intend9 E/ U9 ^& S" p3 F" w! @, F5 e. Z' F
that the related person with a disability occupy the home as! s; @) A) q0 g" n j' K0 w0 ?
a principal place of residence no later than one year after it m5 R1 A9 \+ M5 m+ `
is acquired.
/ A% _3 w8 Y, x5 T9 r( @# f- g# zThe claim can be split between you and your spouse or
, X. m4 R# D" [9 }common-law partner, but the combined total cannot exceed; w, n* c9 ]; t1 @
$5,000.( N" V. Z3 x, i* ]! U
When more than one individual is entitled to the amount
% Q4 P. g: z1 m. }(for example, when two people jointly buy a home), the3 T+ l2 q3 y3 v; }
total of all amounts claimed cannot exceed $5,000.
' I, V3 o1 g% tSupporting documents – If you are filing electronically, or! _% [. Y2 G; a' D6 l% S0 D
filing a paper return, do not send any documents. Keep all- d8 g8 U a* Q, \3 l# D
your documents in case we ask to see them at a later date. |
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