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Please see the below detail:" h- J8 L. q' s
Line 369 – Home buyers’ amount. Q' Z E& ^; |, o& ~
You can claim an amount of $5,000 for the purchase of a" q" x6 _! n0 M$ n6 {! A7 y
qualifying home made in 2010, if both of the following6 Y7 U" T7 j9 y" \/ R) g& p# ?- N
apply:
: f* y" a2 x0 z( U* i' u- `■ you or your spouse or common-law partner acquired a+ d1 [' t& `5 i: m7 S' W! o
qualifying home; and
# X, r2 ^ l+ w/ }3 ~+ j5 s2 R L■ you did not live in another home owned by you or your o9 R1 q0 f. {2 E! ~5 P7 C
spouse or common-law partner in the year of acquisition- ]$ u0 Z$ n& x( f
or in any of the four preceding years (first-time, N& Q' r: U+ I, b/ R+ k/ u) Z
home buyer).6 J0 r! f1 o* \
Note3 ?6 t, z) p& I3 d+ s8 l& s0 W" G B
You do not have to be a first-time home buyer if you are& y! Z4 a! E. _* M" Q7 W
eligible for the disability amount or if you acquired the0 t* c* ], E* l3 Q+ F# v- `
home for the benefit of a related person who is eligible2 m0 V- E# q& [! x, @% Y6 _9 p
for the disability amount. However, the purchase must
8 I8 r0 p& u4 Y( S! [be made to allow the person eligible for the disability6 I+ h; M2 ?4 E+ [1 |6 e
amount to live in a home that is more accessible or better
! r) W D3 I2 rsuited to the needs of that person. For the purposes of2 n1 M8 f1 n, S- x
the home buyers’ amount, a person with a disability is
6 J8 L; d8 y" wan individual who is eligible to claim a disability amount1 s. j2 q9 o) T
for the year in which the home is acquired, or would be* I9 `& ^2 J9 W9 i8 i
eligible to claim a disability amount, if we do not take
7 R; i! J `; Y# winto account that costs for attendant care or care in a9 Q! ^1 b& O q9 F6 C
nursing home were claimed as medical expenses on lines
5 `2 r2 d7 I# T330 or 331.
7 I2 k, s" `7 G! S' m& YA qualifying home must be registered in your and/or your
! ?! m5 X6 e+ v) tspouse’s or common-law partner’s name in accordance
/ k, j7 @' i3 U; n) {: Ewith the applicable land registration system, and must be
1 Y" f5 C4 K; L" B0 Glocated in Canada. It includes existing homes and homes
. ]1 {- d* ?9 i2 Kunder construction. The following are considered+ r4 w o5 I n3 N! j
qualifying homes:
. l- {$ u9 t5 O$ k$ i■ single-family houses;
* l) I* ~5 @( G9 }/ A/ p■ semi-detached houses;! e+ ]; w K, w% ]) ?9 Q
■ townhouses;1 I- ~ z" i! H. w; p" ]/ t
■ mobile homes;
A ~5 o5 C3 z7 n2 O) l& s■ condominium units; and& u. x6 [6 l/ A( K9 j
■ apartments in duplexes, triplexes, fourplexes, or
" G$ `' X# b* Hapartment buildings.
4 v8 T8 b; U% i) z5 d( `Note$ L/ k$ j6 i, q3 ?4 H" S& l
A share in a co-operative housing corporation that
: I7 `# P* K. l: ^ `1 hentitles you to own and gives you an equity interest in a
1 ^9 @, z& ~9 q6 X0 ]2 j5 O C7 Fhousing unit located in Canada also qualifies. However,
0 Z8 c% R* b: n% L8 Xa share that only gives you the right to tenancy in the
( l6 h q& k4 w4 E% I T. f$ s6 Phousing unit does not qualify.% J- u+ }5 p. g+ p
You must intend to occupy the home or you must intend/ @1 s# I* ~$ U2 m7 b! q1 [. x) p# X
that the related person with a disability occupy the home as2 J& x. y* Z! z. l
a principal place of residence no later than one year after it+ K& \: ~3 W. V* |" R8 A
is acquired.: H4 R) N: D/ q* i8 ?% \2 i
The claim can be split between you and your spouse or
: ?$ g9 R6 W$ e* w P) L0 N$ Xcommon-law partner, but the combined total cannot exceed
* y9 ~6 n+ I* c$5,000.
3 ~/ H( M# i# W! \' ~& S: y7 T2 FWhen more than one individual is entitled to the amount6 U; i4 J7 [% Z8 L2 i
(for example, when two people jointly buy a home), the1 g3 Z6 u) p( N& D! N( u
total of all amounts claimed cannot exceed $5,000.
3 N& Z. q6 ]6 h, k( w2 j# l( m+ b& T9 iSupporting documents – If you are filing electronically, or( Q2 t7 [% }0 D1 D
filing a paper return, do not send any documents. Keep all; U9 t% i: X5 O% v- m- u8 F
your documents in case we ask to see them at a later date. |
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