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Please see the below detail:9 L! w+ l% u0 A4 r
Line 369 – Home buyers’ amount
' D7 M+ n ?3 M9 W" cYou can claim an amount of $5,000 for the purchase of a
: c; a" l1 {( Q/ Iqualifying home made in 2010, if both of the following+ R5 w) S( F% q- R7 W( K, q
apply:
$ p* w" Y" D- t$ d( T6 t E■ you or your spouse or common-law partner acquired a
4 C" F& V# S6 B4 cqualifying home; and
7 R. \( y; l" @. B) [: P■ you did not live in another home owned by you or your; v0 y5 E. `$ @& o9 \$ z& V: I h
spouse or common-law partner in the year of acquisition
3 d( P: ^# j$ r7 g6 t5 Uor in any of the four preceding years (first-time
9 ]# q" V% k9 F9 q) h% {3 \( l; bhome buyer)., p0 V Y! v) _0 r! @
Note0 _# G, W( `* S. m ^
You do not have to be a first-time home buyer if you are: n, A# W5 O. T
eligible for the disability amount or if you acquired the
0 P& ~5 R0 x/ Nhome for the benefit of a related person who is eligible
4 u# c6 ^0 j) e% A) I! \for the disability amount. However, the purchase must
+ C9 q: z/ R0 C: c# G; f+ qbe made to allow the person eligible for the disability
7 t0 p4 E, {+ @7 h1 n5 u* J. t, f6 Eamount to live in a home that is more accessible or better3 `: y! S; X) a/ o6 Z8 `
suited to the needs of that person. For the purposes of. l4 L7 M0 W* n2 N, _
the home buyers’ amount, a person with a disability is/ C& }" Z1 p9 I; c5 p
an individual who is eligible to claim a disability amount
7 s" T+ p3 w7 V; `for the year in which the home is acquired, or would be# ~. q! H+ K6 Y i
eligible to claim a disability amount, if we do not take
! s5 C' r5 {% n. W/ q0 [1 Xinto account that costs for attendant care or care in a
* g" N! }( l4 [5 `2 bnursing home were claimed as medical expenses on lines
9 [. h5 K* F( d1 I1 M6 w330 or 331." x1 K$ i" S' e0 Q' |
A qualifying home must be registered in your and/or your9 _0 }2 K/ M" G
spouse’s or common-law partner’s name in accordance
7 e1 M. F8 ~* I( h- ]with the applicable land registration system, and must be8 |4 W* i o8 o+ H1 {+ y; u8 n8 {) [
located in Canada. It includes existing homes and homes8 x( C( \1 F8 p1 \+ R5 c
under construction. The following are considered
& h# ?. u0 L% v3 }# C3 xqualifying homes:
1 E7 m3 Z2 n5 W# @■ single-family houses;! _7 X0 }( i! B: c/ w7 o
■ semi-detached houses;$ J* \% ?7 C2 E4 x
■ townhouses;8 _1 ]1 |: f. C6 C1 a4 V
■ mobile homes;2 B2 i' d- G% L/ n; E2 h/ Y. X
■ condominium units; and
+ |- o( H& E. I7 o■ apartments in duplexes, triplexes, fourplexes, or% [9 F; j' U& _2 s
apartment buildings.* p2 t. |. Y. }1 P+ r) W7 Z
Note/ B* D! y) A- |$ `
A share in a co-operative housing corporation that% w' O4 ?5 C7 Q: @1 K/ a# ^, b8 C
entitles you to own and gives you an equity interest in a5 z4 u0 p% R( v" J( E2 T* g
housing unit located in Canada also qualifies. However,
( U7 s2 W7 ]' P9 I* m- Ya share that only gives you the right to tenancy in the
! `0 y8 i) \0 {0 |housing unit does not qualify.
: m2 \* J d6 d" L5 q! gYou must intend to occupy the home or you must intend
; M5 l5 W, h' V8 ^# [, c+ F/ Zthat the related person with a disability occupy the home as
( E$ E: J. w& G# W7 Z; Ka principal place of residence no later than one year after it* E8 f0 p- ^2 Q }7 c
is acquired.# {5 \7 X6 T O( E6 J
The claim can be split between you and your spouse or9 }- A1 g: ^' Y
common-law partner, but the combined total cannot exceed) e |8 s/ F6 {. j6 U% u5 L
$5,000.! H' M+ k: v g- F4 c) }
When more than one individual is entitled to the amount, U, p- v# g* {& K- _4 s
(for example, when two people jointly buy a home), the" F3 ]9 ]8 f: ?) I
total of all amounts claimed cannot exceed $5,000.
5 w; z9 s- P( v1 J/ r3 |Supporting documents – If you are filing electronically, or
* G [1 t% H8 k5 x9 Ifiling a paper return, do not send any documents. Keep all
, R4 w% ^9 H( \+ U: I$ \& B byour documents in case we ask to see them at a later date. |
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