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Please see the below detail:
8 k; _% w0 L& d( ALine 369 – Home buyers’ amount! j, Z& `4 I! ^4 S8 M$ w- w- `& u
You can claim an amount of $5,000 for the purchase of a
8 r& C3 e! ^8 B5 j+ @. i$ rqualifying home made in 2010, if both of the following( {+ V. x' U: _9 B+ B" q
apply:
2 w0 K3 Z3 y2 Z4 h: L3 D4 h% ^3 F■ you or your spouse or common-law partner acquired a' H8 a+ e7 n3 y' D1 h6 g% r
qualifying home; and/ o& i( V7 ^. d- \. [
■ you did not live in another home owned by you or your6 ?9 m* v! C/ ?& R. T1 @
spouse or common-law partner in the year of acquisition
) [. k- o" Q! B9 xor in any of the four preceding years (first-time
/ U! h1 H# b3 V7 N& D! s/ ehome buyer).
3 O/ ]/ M ] Q9 M+ z1 kNote2 x+ o# P# @3 U" W6 X. O0 b
You do not have to be a first-time home buyer if you are3 q. \7 u1 _1 x
eligible for the disability amount or if you acquired the, J+ a E6 W$ g2 V
home for the benefit of a related person who is eligible! R0 _8 j/ J {
for the disability amount. However, the purchase must
0 a* s0 U7 V* B& |be made to allow the person eligible for the disability0 s6 H( B- I6 _. z3 ^
amount to live in a home that is more accessible or better
1 N$ F Z R7 Gsuited to the needs of that person. For the purposes of. z6 z0 Y% F5 q: Q( m& g! j
the home buyers’ amount, a person with a disability is' e! s5 e8 B; Z4 ^0 }
an individual who is eligible to claim a disability amount
5 V0 J$ h; y/ n0 \for the year in which the home is acquired, or would be/ q b" n' t: I2 Q4 l: Q5 G
eligible to claim a disability amount, if we do not take
; P; Z4 b, D* Y8 u* ?& P1 q; \' Hinto account that costs for attendant care or care in a# C/ z. p, C' X- Z7 N
nursing home were claimed as medical expenses on lines
$ T) `( i. p. {330 or 331.
5 U$ |4 W! ^0 I- n, X' n" TA qualifying home must be registered in your and/or your) K2 q1 e+ o) p B! l
spouse’s or common-law partner’s name in accordance5 g* q- Z% P& i
with the applicable land registration system, and must be+ ]/ V, t+ D3 s
located in Canada. It includes existing homes and homes
' C- P- ?, R, C) n8 e' P2 Dunder construction. The following are considered
2 Y4 U/ I1 H0 c' b/ P) iqualifying homes:, f( F% x' `4 }+ @# g; [, d" k
■ single-family houses;- Y2 x6 ?& I, H; _% k; `
■ semi-detached houses;
( W' c9 Z& r# `■ townhouses;' I$ c& M$ ?9 _9 k
■ mobile homes;. J8 ]5 u1 L: E0 y3 v
■ condominium units; and
$ h% \1 a& {* j■ apartments in duplexes, triplexes, fourplexes, or
; q6 T, w0 o; R e. Q Dapartment buildings.
- N; [7 e8 @* a/ ^Note6 H5 G* p3 c( E
A share in a co-operative housing corporation that. l7 f5 `5 b. A; ?
entitles you to own and gives you an equity interest in a
! P( W9 m: c- U3 b3 X% _: Qhousing unit located in Canada also qualifies. However,
6 D" M5 {5 f4 va share that only gives you the right to tenancy in the
9 Q4 ~7 Y0 ]) X6 h" w1 Z6 q- A3 Yhousing unit does not qualify.
2 Z3 F; M0 Q$ @+ C* W9 v0 VYou must intend to occupy the home or you must intend* o8 v' O& n F1 c* G+ m; p
that the related person with a disability occupy the home as# D/ O% |. G! A
a principal place of residence no later than one year after it
5 p5 `9 A. g5 k* gis acquired.
( L' d( x. d4 `$ b2 D% _3 u, B- y6 CThe claim can be split between you and your spouse or* V6 a6 X6 e2 C4 p" i; F V# ]5 g* V
common-law partner, but the combined total cannot exceed- B4 W& s+ n. q0 `8 r6 h
$5,000.
; o/ D' W! w4 h, B& mWhen more than one individual is entitled to the amount
' R, J& K3 d: B( ?* V0 v(for example, when two people jointly buy a home), the; ]; [' o8 ?) Q/ @; g/ b! f! Q
total of all amounts claimed cannot exceed $5,000.4 b1 @" K% o2 z6 m7 |
Supporting documents – If you are filing electronically, or
# k- Y- Q e. b1 S, m3 `& z% o2 z. Ufiling a paper return, do not send any documents. Keep all r F8 f' X# z' m
your documents in case we ask to see them at a later date. |
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