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Please see the below detail:
8 N( v" f6 G4 @) \Line 369 – Home buyers’ amount
/ ?) s$ p5 K' P" O, @# c$ uYou can claim an amount of $5,000 for the purchase of a
; s$ l7 S6 E* u3 e8 mqualifying home made in 2010, if both of the following- `# m: P: v& r
apply:. i4 t4 Z- H a! ^" c' q/ t1 S
■ you or your spouse or common-law partner acquired a, S/ h- Y& m5 L& b \. w" T
qualifying home; and- _0 c9 L* E2 I! \* r, ~
■ you did not live in another home owned by you or your
! x' w. g& X9 I" _* Zspouse or common-law partner in the year of acquisition
8 k8 k4 L/ p5 z' S% hor in any of the four preceding years (first-time
& n" ~8 t8 Y5 A4 `home buyer)./ T8 B" R: A/ {
Note
0 O# _' U: y+ Y1 C% x& UYou do not have to be a first-time home buyer if you are
3 M4 [$ ^9 t& F: O. g' ueligible for the disability amount or if you acquired the
; L5 e. I& r3 E. f4 Khome for the benefit of a related person who is eligible
4 b$ g' m5 k3 l+ kfor the disability amount. However, the purchase must
8 G5 q; R6 [) y5 f) f; Ube made to allow the person eligible for the disability4 z* F; m5 u% L0 O: r F
amount to live in a home that is more accessible or better
1 W5 Z' z8 q+ P- }4 n' d% ksuited to the needs of that person. For the purposes of) x# {0 i }6 Q" ^$ k# l8 l' S
the home buyers’ amount, a person with a disability is3 B$ j; X3 s* ^" g7 G9 b
an individual who is eligible to claim a disability amount1 d% V- @- w* a0 p/ w D; f6 w
for the year in which the home is acquired, or would be
0 p% x% Y$ q) F+ w3 B$ T) zeligible to claim a disability amount, if we do not take
$ o/ X: D4 |0 S* J2 O0 w4 @into account that costs for attendant care or care in a4 d2 P# I1 T y& c* I v, o
nursing home were claimed as medical expenses on lines
# M9 U; u8 K! i ~( H F& Y330 or 331.
+ }: Z4 i/ | `2 T2 O8 d2 L/ i* bA qualifying home must be registered in your and/or your
. K+ L9 q# G8 ~5 D dspouse’s or common-law partner’s name in accordance: U5 A6 ^. Z" o- A0 W1 n6 v' y
with the applicable land registration system, and must be
2 E$ X' E, O% o: f% vlocated in Canada. It includes existing homes and homes% z5 A/ ~- u3 k1 {; B7 k. k
under construction. The following are considered1 u4 K8 w+ ?% T& j1 a
qualifying homes:& B1 g! j# x0 Q9 L! z! O
■ single-family houses;2 X% F* M& f# l; w
■ semi-detached houses;% H& M u& ?+ Q
■ townhouses;( L: m& g7 d4 O( e" k$ C
■ mobile homes;
# E. k) x9 T8 c■ condominium units; and9 C9 ~4 f/ p& X
■ apartments in duplexes, triplexes, fourplexes, or
/ m1 q' T5 U8 B6 ^' ~- {apartment buildings.+ l" t) O2 _# J5 a. v3 g. O \4 ~% u
Note. ]' ]% x8 b' A
A share in a co-operative housing corporation that
6 y% Y# B; `! l! z) T- Aentitles you to own and gives you an equity interest in a/ x0 q" h( W, B
housing unit located in Canada also qualifies. However,
' L2 a8 \- [! x7 M9 Pa share that only gives you the right to tenancy in the: V/ Q9 X. L) [' t0 E- i
housing unit does not qualify.& ^9 _9 b# K G7 `9 x
You must intend to occupy the home or you must intend
! j% N _- u% dthat the related person with a disability occupy the home as
& e9 f# J* d! u4 A4 M$ j Pa principal place of residence no later than one year after it
! i6 r# T L2 g* }, E! Qis acquired./ l6 H2 Q, h$ {% v$ B( b
The claim can be split between you and your spouse or0 Q, u2 x: y8 Z# Y4 b$ d: Y
common-law partner, but the combined total cannot exceed
. H" A: w/ S+ t$5,000.
3 B' k: F4 W+ G) y+ g/ w. f& V1 pWhen more than one individual is entitled to the amount4 [+ i& ?# Z3 w R' w8 B3 ?
(for example, when two people jointly buy a home), the
$ ^& K& f4 g/ @4 V- O. h0 btotal of all amounts claimed cannot exceed $5,000.0 U& A' D( Z# Z3 C
Supporting documents – If you are filing electronically, or
3 \, l" U& K! Z1 c' k0 @/ E Tfiling a paper return, do not send any documents. Keep all" Y, q2 [4 k. L9 ?6 j$ }# Y
your documents in case we ask to see them at a later date. |
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