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Please see the below detail:
, L# X% x8 Y' m, ~/ G2 \, t( wLine 369 – Home buyers’ amount! ]4 i( d Y% a5 I t; v
You can claim an amount of $5,000 for the purchase of a
7 l4 s! @# x, B t" yqualifying home made in 2010, if both of the following
4 i/ x5 O8 a: _2 j5 x- h( xapply:
8 P: n" c' \$ f9 r f2 s4 ]' e■ you or your spouse or common-law partner acquired a
$ R `( Q9 g/ _) @qualifying home; and1 N" _" G' R$ x- |
■ you did not live in another home owned by you or your
7 W/ N+ Y% D- F' i2 Fspouse or common-law partner in the year of acquisition: r' h0 | @3 X6 C* ?' v# {( T
or in any of the four preceding years (first-time
& s5 r0 i' ~5 ~$ m; F0 zhome buyer).$ ?5 F5 H( Q4 E$ A" }
Note
0 o6 f* V/ ~3 S" y9 N x7 A QYou do not have to be a first-time home buyer if you are
8 r! {4 l, N7 R) Beligible for the disability amount or if you acquired the( B: \ @' d7 K% m1 p# x; W
home for the benefit of a related person who is eligible& o! q! X/ U: W5 j2 F1 Z
for the disability amount. However, the purchase must0 U! i) d/ R) y9 \
be made to allow the person eligible for the disability1 ]7 {8 L+ q3 `6 ~7 j/ J
amount to live in a home that is more accessible or better
7 r7 ?# {5 ~. Y1 m. \' o; Z! |suited to the needs of that person. For the purposes of6 }6 Y0 [- I' W+ }) w! y' F# V
the home buyers’ amount, a person with a disability is, ~: L+ _( l" T1 L3 [# C
an individual who is eligible to claim a disability amount1 m( d0 H n/ Z9 T( L3 l: Z
for the year in which the home is acquired, or would be! V; A/ @$ j" }% y0 f
eligible to claim a disability amount, if we do not take
* C& t) j) z0 U/ u, h9 j9 d" Hinto account that costs for attendant care or care in a9 r6 q7 \9 Z% l p
nursing home were claimed as medical expenses on lines
, [( n+ h2 `! G! ~$ R330 or 331.
: ~% Z) n- K4 Z3 DA qualifying home must be registered in your and/or your
! t* P, Z, T! yspouse’s or common-law partner’s name in accordance9 \4 Y/ \: |. y( g( K- O2 Y0 X3 |, j
with the applicable land registration system, and must be
r S1 }0 g7 i7 k, Nlocated in Canada. It includes existing homes and homes m0 b: Y" t3 R- {, @: S5 i& k
under construction. The following are considered
4 G/ t+ U- i1 J* \qualifying homes:
# z$ U' }/ |0 o, m# b■ single-family houses;1 q, x J' C5 e+ O1 ^0 J4 @
■ semi-detached houses;
( k; z: e1 t: b! X( q5 n: @. W■ townhouses;
# i! a: a* H6 i7 K o4 N- n0 h" `■ mobile homes;
8 O1 X8 T4 J# A: G2 o■ condominium units; and
3 `' M( K$ f1 J( U; F* Q■ apartments in duplexes, triplexes, fourplexes, or Y6 L2 D9 ]8 `* j9 m& N9 h
apartment buildings.( M/ |# J; l; e$ E, Q2 a0 E/ V
Note
7 l' t6 L- X" P0 z% p3 vA share in a co-operative housing corporation that
! Y# v% r" M$ S/ ~- {7 pentitles you to own and gives you an equity interest in a
0 v: a. @( }- l% J5 Uhousing unit located in Canada also qualifies. However, b$ H: p( u4 A7 y* A
a share that only gives you the right to tenancy in the
+ w, \' I5 Z9 ]4 Hhousing unit does not qualify.
# I, o0 J* H6 |* aYou must intend to occupy the home or you must intend
% Z7 h+ w- i" v# P) ~that the related person with a disability occupy the home as
$ n/ e/ d( k3 W/ S+ Ca principal place of residence no later than one year after it
7 P: |+ T8 a% G/ W, }7 ?) K* a' }is acquired.2 @: S, Q4 m: D, G" b% M; t$ s/ Z
The claim can be split between you and your spouse or9 l8 K0 {- e$ |* I: a
common-law partner, but the combined total cannot exceed
7 F7 L: U; A# x9 t9 I) y% R( d! \$5,000.7 o5 v3 D$ q/ w) s
When more than one individual is entitled to the amount
: J% L/ h: q8 z3 v P) ^. t( R(for example, when two people jointly buy a home), the
+ S8 _ Q8 T" |& x' o) |total of all amounts claimed cannot exceed $5,000.1 h+ ^. `9 G8 E4 R8 t
Supporting documents – If you are filing electronically, or- N; O! f0 W. x
filing a paper return, do not send any documents. Keep all! |0 \" ^% i- P. N! {4 U7 j
your documents in case we ask to see them at a later date. |
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