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Please see the below detail:
( v( k( B$ S9 ?+ G, s$ _Line 369 – Home buyers’ amount" ?3 C5 G. E1 K! W6 Q% d5 K$ ]
You can claim an amount of $5,000 for the purchase of a
. Q$ t6 u+ \7 |3 Y& Hqualifying home made in 2010, if both of the following4 O* J5 i7 W, X+ l. L E+ U
apply:
1 Z# p" E" ~ E: D% o: s! q7 M■ you or your spouse or common-law partner acquired a2 q# ]+ A6 J4 v2 x" Y) \
qualifying home; and+ u8 b4 J. Z8 q. r' e, g4 H
■ you did not live in another home owned by you or your
$ J3 h. c, I# E, ^spouse or common-law partner in the year of acquisition. I5 f4 E( N9 j! Y% R0 v7 D! i
or in any of the four preceding years (first-time8 m; L, L6 ?, p, c
home buyer).- A7 O: f X4 b5 |$ y7 G
Note
7 v. a- u N- X3 ? _! s) hYou do not have to be a first-time home buyer if you are
) l& D1 V" a8 m8 seligible for the disability amount or if you acquired the! l K; m. P8 R0 \- _
home for the benefit of a related person who is eligible
, g; H- R) @/ m" m6 yfor the disability amount. However, the purchase must
* \ u `9 s) X# Xbe made to allow the person eligible for the disability6 z( J( n! ^/ k; c9 S! ?+ L( y
amount to live in a home that is more accessible or better/ z/ `# o9 _- q! ?( u, |' b
suited to the needs of that person. For the purposes of
6 I) ~7 @, b4 f2 g( w% @! p' Bthe home buyers’ amount, a person with a disability is
5 _3 V( b: R1 b& {an individual who is eligible to claim a disability amount
* _# q/ p8 B0 Q9 Y, t* Nfor the year in which the home is acquired, or would be
- b4 m7 M8 ~- g. f/ e5 m" x4 b# leligible to claim a disability amount, if we do not take
- E% I: x; ^6 w# T& C0 Uinto account that costs for attendant care or care in a
0 }& b t1 [/ q ~# N6 Hnursing home were claimed as medical expenses on lines
* Y- S. h# |% w1 i( ~5 `330 or 331.
" ]( s0 C. {% T: Y3 cA qualifying home must be registered in your and/or your7 I" m( e3 u8 G2 B+ |, N; {* r
spouse’s or common-law partner’s name in accordance
) U. [# U2 ~+ _- Vwith the applicable land registration system, and must be# \- B9 x7 ~ Y1 B2 ?/ b
located in Canada. It includes existing homes and homes
) U F. ~9 N# n4 r5 S2 Punder construction. The following are considered! f! F5 G4 f9 @8 I; }3 o6 T
qualifying homes:
: f( X" t1 d: w ?( M5 o- m/ y■ single-family houses;+ ^2 v1 S6 S! ^0 D7 a/ b! S/ w" n
■ semi-detached houses;
+ P0 W2 O _; l- m/ Y( F■ townhouses;0 _5 X/ h. d/ E/ J7 q B
■ mobile homes;4 L; L. ?6 J3 O$ J" x
■ condominium units; and: ^5 ^0 t! A! O% {$ C& m" r5 F' |
■ apartments in duplexes, triplexes, fourplexes, or
1 v) c0 {& H6 z4 F+ G* Iapartment buildings.
2 S5 U& @/ o$ r- v% m0 P' j: t/ mNote
$ n- R8 x, ^" S e' i) }A share in a co-operative housing corporation that
3 _* L) @3 V1 h4 yentitles you to own and gives you an equity interest in a# K' Q- o9 u2 [% P2 [
housing unit located in Canada also qualifies. However,+ R Q7 r8 L# s5 A7 k E. B0 g
a share that only gives you the right to tenancy in the$ k) n, h; N( @# @4 g
housing unit does not qualify.
7 \2 q1 n/ w. L1 KYou must intend to occupy the home or you must intend5 x/ p5 b/ ? Z- `: b( h
that the related person with a disability occupy the home as
; B8 {4 Y" C: l' Z2 da principal place of residence no later than one year after it: S/ e3 x Q4 G8 u/ t0 ]
is acquired.9 G5 s9 i7 m: ?9 p" R3 c9 \: y# X
The claim can be split between you and your spouse or
& G. O( u) N w/ H' Jcommon-law partner, but the combined total cannot exceed; i6 @& o" g# M
$5,000.3 `: s4 N; l4 o+ h" o/ x( o7 W
When more than one individual is entitled to the amount
$ a3 C' v/ Y4 D% {# R) @1 L(for example, when two people jointly buy a home), the+ Z; p6 S/ Q4 W. Y3 Q/ L
total of all amounts claimed cannot exceed $5,000.
4 n" P0 M) f: n0 a7 LSupporting documents – If you are filing electronically, or$ F' S" `0 w4 ~. x
filing a paper return, do not send any documents. Keep all
& a4 y- u) E# O/ X. O* S! zyour documents in case we ask to see them at a later date. |
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