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Please see the below detail:7 L7 `6 H+ a' _& D% u
Line 369 – Home buyers’ amount
$ P" T1 x, J: M5 E% Q" UYou can claim an amount of $5,000 for the purchase of a. Z9 u: ]$ t5 n) W& s. j
qualifying home made in 2010, if both of the following# b, O2 H9 T' |: e
apply:# n7 h d( } G* X4 M2 i6 }$ r3 D
■ you or your spouse or common-law partner acquired a
8 V0 t+ i" M; Dqualifying home; and
: Y# e& i2 b m$ G7 n8 |■ you did not live in another home owned by you or your
) ?$ v* d3 g" U9 ^5 R& Fspouse or common-law partner in the year of acquisition
% a4 g0 t2 c5 Z/ X' ]or in any of the four preceding years (first-time: ^4 A! A& c6 ^
home buyer).
- f+ J& }' q4 \# ANote# d% L2 @) c3 G( O9 P3 a7 j
You do not have to be a first-time home buyer if you are8 A7 i& I6 T- g( ?
eligible for the disability amount or if you acquired the" ~! g' J: ^: q7 V' D1 O s0 t2 V8 z
home for the benefit of a related person who is eligible' P. W- j. f' a: r
for the disability amount. However, the purchase must& |. v$ {, |+ `: R& c2 g5 M' ?- U! U
be made to allow the person eligible for the disability
* S6 j+ x% u( }5 N% o: kamount to live in a home that is more accessible or better6 m2 `9 E6 r4 Z1 U8 Z: N
suited to the needs of that person. For the purposes of6 V& u4 s# ]/ z N; K. v
the home buyers’ amount, a person with a disability is3 ]) R+ B F' B' I# Z
an individual who is eligible to claim a disability amount' q/ w4 o9 N4 K$ Z: @' }
for the year in which the home is acquired, or would be
`2 h3 t& G4 D. `6 C7 Leligible to claim a disability amount, if we do not take
! I5 y& |. ^$ t5 M' S- _into account that costs for attendant care or care in a
1 G) {# ]' M8 `& {! w1 |nursing home were claimed as medical expenses on lines- A7 J, ~( f* c! s
330 or 331.1 h& w; F/ ]) b' A
A qualifying home must be registered in your and/or your; i& s& v' ~6 b( p. y6 v8 I
spouse’s or common-law partner’s name in accordance
5 q4 H: s! g$ Z5 I5 Q0 b: F2 }% K" fwith the applicable land registration system, and must be9 f3 x# c8 E- q
located in Canada. It includes existing homes and homes. ^, U+ ~, W$ U% L# j- k
under construction. The following are considered+ n. ^2 V7 U3 ~# i* } h- ]
qualifying homes:
\: |3 Z m) T, }: h■ single-family houses;) Q8 U9 e/ ?9 J- I. S$ b( n3 e# X: f
■ semi-detached houses;' t0 w3 P8 ^* K7 o) O
■ townhouses;3 u9 h) Z: L4 r& l: X+ ~
■ mobile homes;) R3 d1 N2 }1 F+ U/ J; S
■ condominium units; and {4 M4 H1 }4 V u1 h
■ apartments in duplexes, triplexes, fourplexes, or2 Q+ F2 `" N& |( D' K
apartment buildings.
/ b5 W( [. ?3 ]! c4 CNote
2 V5 [- o2 `; oA share in a co-operative housing corporation that
# `! s3 M8 _7 Rentitles you to own and gives you an equity interest in a* F4 P+ [1 ?! t/ W# T% }: x
housing unit located in Canada also qualifies. However,
: y$ a/ F) W; B7 qa share that only gives you the right to tenancy in the
{/ w* b6 B2 F" I% ]% q5 Xhousing unit does not qualify.
) c) P2 R; b4 K6 cYou must intend to occupy the home or you must intend' G# |: c2 z* Y% c& G* v7 B
that the related person with a disability occupy the home as' h8 g7 D& {* J4 W1 e
a principal place of residence no later than one year after it; a0 T" {+ q: G- b/ _
is acquired.- a' Z. j- T& G7 V- {# l# J5 @
The claim can be split between you and your spouse or
* P% w/ ^0 r% @( _. Kcommon-law partner, but the combined total cannot exceed
5 `* S. h# v: r$5,000.9 o! J. D# `6 @& R
When more than one individual is entitled to the amount, w5 H7 l+ @2 ^' H; h
(for example, when two people jointly buy a home), the( p s- N* ~; \
total of all amounts claimed cannot exceed $5,000.# U/ o+ j" U& T& G! t, c- E
Supporting documents – If you are filing electronically, or
! Q# n1 b1 {* u& bfiling a paper return, do not send any documents. Keep all/ o4 e& Y4 ]. C' ?7 `
your documents in case we ask to see them at a later date. |
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