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Please see the below detail:
5 b) v: H! n2 p; W" [- @, F: tLine 369 – Home buyers’ amount
2 K/ p- o$ w2 _+ U8 R6 S+ L4 ZYou can claim an amount of $5,000 for the purchase of a
; Z) V$ O U: t7 m/ r; }6 Iqualifying home made in 2010, if both of the following
2 o. L; W+ ] C6 v9 v4 E/ k9 vapply:
- I$ K" k" ]; Y1 e, u: w2 t, V■ you or your spouse or common-law partner acquired a
" z8 b a/ E! Y2 s1 I9 r i2 P0 `qualifying home; and
& e: j# I1 b4 j& Z4 w■ you did not live in another home owned by you or your4 o& t; z" V j% v% }& m
spouse or common-law partner in the year of acquisition
; S( k7 W* P& B0 E, @* lor in any of the four preceding years (first-time
, S% f4 N. i6 k, m' b/ |home buyer).
; F$ m ^; y6 A/ h; r" S- HNote; k# g* _% o7 P8 G4 T1 c$ M
You do not have to be a first-time home buyer if you are
O6 @* D* P, ^/ h/ P- g* U8 }3 Seligible for the disability amount or if you acquired the# B6 G1 y/ W; k2 ]# h6 B0 V( c
home for the benefit of a related person who is eligible x* [* I9 g1 k: b! w4 p
for the disability amount. However, the purchase must, M9 M3 j& e' ]" E1 W7 R9 L
be made to allow the person eligible for the disability% ], U/ W# F/ b# \+ D5 h5 k& Z1 n' q
amount to live in a home that is more accessible or better. U. w- y8 T+ L" M- A
suited to the needs of that person. For the purposes of9 f4 e8 P Z. P G* `
the home buyers’ amount, a person with a disability is
. ^# r. i% Q, M0 N5 H. V Nan individual who is eligible to claim a disability amount
6 s/ j) B% Y6 \, f' q( lfor the year in which the home is acquired, or would be
( m: p; s- g, Xeligible to claim a disability amount, if we do not take
. B( H: E( P5 n9 e* _into account that costs for attendant care or care in a
. G" D7 T$ G; `7 A9 M' l! }0 Fnursing home were claimed as medical expenses on lines! i1 v$ c# ?/ y2 ?
330 or 331.
% z n! u. I5 p' v3 \A qualifying home must be registered in your and/or your. T6 Z$ `, V5 K" s3 g5 y; i; v
spouse’s or common-law partner’s name in accordance
6 v2 g. p" z8 x" U0 W. Dwith the applicable land registration system, and must be2 w- b& Q3 q* v: T) G6 s5 P
located in Canada. It includes existing homes and homes
+ [1 Z; j5 [) E/ S: b- Cunder construction. The following are considered# p2 p% A: Q8 `. M1 @7 W
qualifying homes:$ p" O2 Z+ r3 j$ d3 c; q" m8 i+ N
■ single-family houses;
1 V. Q; P, v( _8 l0 J■ semi-detached houses;
( w. n+ m% R- v% `■ townhouses;
7 g3 M% t2 x7 N. W" p■ mobile homes;( E/ w, D: o. _. | {8 V
■ condominium units; and
+ p9 a; D! q1 P( i' U. A■ apartments in duplexes, triplexes, fourplexes, or( Q9 x( }7 E5 }) W8 S% c: M; O
apartment buildings.
! Z$ p7 K5 r% L- f" S4 kNote, S8 S" j8 `- J8 j1 S9 V$ C
A share in a co-operative housing corporation that
, _9 [6 ~" y: m2 P. ^1 L3 Sentitles you to own and gives you an equity interest in a5 x/ q/ |: s/ X
housing unit located in Canada also qualifies. However,
. \8 r$ C2 l7 ia share that only gives you the right to tenancy in the- g6 t* y$ s! F. G
housing unit does not qualify.
: f/ x+ ~: k( N PYou must intend to occupy the home or you must intend
, q9 B( e2 T3 o, ?5 Kthat the related person with a disability occupy the home as: I- i. E, `" R
a principal place of residence no later than one year after it) |1 a& N* b+ `9 E
is acquired.1 B/ w* i( R c. v/ {. O
The claim can be split between you and your spouse or
1 \4 N$ x9 z. {: |; {+ ^common-law partner, but the combined total cannot exceed) ?! r$ N1 a: i7 b: D; |
$5,000.
: |9 ~* a5 {0 E# [0 S/ ~When more than one individual is entitled to the amount
3 E7 R# L9 R3 _/ f" T(for example, when two people jointly buy a home), the
5 L0 \# ~) [; p7 [" atotal of all amounts claimed cannot exceed $5,000.0 |( v, N7 @" S$ G
Supporting documents – If you are filing electronically, or
, i- f7 Q7 o/ _filing a paper return, do not send any documents. Keep all
4 i p/ T& }& r2 ?+ i) E9 ^4 fyour documents in case we ask to see them at a later date. |
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