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Please see the below detail:
; g- c4 h1 @( X. h! T- @: q- qLine 369 – Home buyers’ amount7 m) C$ z, G7 M$ V
You can claim an amount of $5,000 for the purchase of a% r: Q% E/ h) U% t1 _" ^: B2 n
qualifying home made in 2010, if both of the following' e. _1 c9 K# J! \) {& a) U3 O
apply:# s6 i% @) l) z$ w9 v
■ you or your spouse or common-law partner acquired a, K; t2 I5 E: Q* R1 \
qualifying home; and
. E; a/ b g& C; d5 [■ you did not live in another home owned by you or your m' l5 K( V0 ?6 N
spouse or common-law partner in the year of acquisition
1 ]( k- c! A0 A! C' w! F3 x) P) U- O# [1 por in any of the four preceding years (first-time
( _1 h# E( ~ ?7 Ahome buyer).
( L! Y7 U6 M5 z( INote6 _) _ \* w b; B
You do not have to be a first-time home buyer if you are
# z/ n @4 m' N: C7 |- _eligible for the disability amount or if you acquired the( Y4 H' ]" o# I) E
home for the benefit of a related person who is eligible
" b! ^. x* o( d8 E' W rfor the disability amount. However, the purchase must
5 e; I4 H% W* ^- {8 v9 j5 Ebe made to allow the person eligible for the disability
) i; O% {6 I2 E/ J2 W2 r n: bamount to live in a home that is more accessible or better3 H+ m8 b! C3 g$ T. H/ z$ B
suited to the needs of that person. For the purposes of
, D% \$ J* J9 }0 H$ P$ ]* R6 jthe home buyers’ amount, a person with a disability is4 B$ x# `" y4 p* U7 T6 S3 v! f
an individual who is eligible to claim a disability amount% ]9 R, X" K# g8 \8 |
for the year in which the home is acquired, or would be, b4 e! D* G/ e" A, v# m+ J: _8 Y6 a+ ?
eligible to claim a disability amount, if we do not take/ v& P n5 `( U" r1 G
into account that costs for attendant care or care in a9 z* a2 p/ n) ~- U+ \0 \$ K7 S
nursing home were claimed as medical expenses on lines
7 s& k; s3 l5 } b6 ]330 or 331.
9 `$ c$ }7 r2 p, x; RA qualifying home must be registered in your and/or your
" s# G& s+ V5 j5 u8 R) [& z" I. Ispouse’s or common-law partner’s name in accordance. r' ~8 b8 i) l9 v# t/ Q
with the applicable land registration system, and must be
, ~8 \$ L# r7 \+ ~9 D- Plocated in Canada. It includes existing homes and homes. \3 @& x* {. v1 M
under construction. The following are considered
0 i' u- n% T2 u: l7 N; a; F Tqualifying homes:
$ b) q: ?5 ]- D! z■ single-family houses;
7 X) p* W1 i% |' y■ semi-detached houses;
4 k8 F9 a3 A/ h+ {9 G8 J■ townhouses;' f5 _& m( Z K- J
■ mobile homes;
. W; g* k, n& j1 k' T■ condominium units; and
. f) S/ R: G5 E+ Z+ J9 R! ~■ apartments in duplexes, triplexes, fourplexes, or
8 Z q, o9 d# Vapartment buildings.
6 s+ _; ]( t0 t O. O( {9 tNote
" K; a$ S: A+ D# ~6 K8 w6 RA share in a co-operative housing corporation that
" i" Y b" ^8 e5 Nentitles you to own and gives you an equity interest in a
3 s7 `% s4 s7 U* ahousing unit located in Canada also qualifies. However,1 E0 l) a* y0 ~
a share that only gives you the right to tenancy in the
7 `3 N& p3 b7 U7 f0 p# Thousing unit does not qualify.( p3 z5 [6 H* l3 K/ H
You must intend to occupy the home or you must intend
( T2 @1 s$ C: k" y- gthat the related person with a disability occupy the home as) k. C# R6 E+ p, d
a principal place of residence no later than one year after it4 T+ c( }8 N8 ?! \% z% p+ a
is acquired.
$ l, ~' U# p- G1 y% pThe claim can be split between you and your spouse or# Q$ U; N& U+ k, X2 N
common-law partner, but the combined total cannot exceed
; I1 q D, ]$ \4 N" O2 |$5,000.- C% p/ c* b! b4 z
When more than one individual is entitled to the amount( s/ u4 K# E9 f R# B* ]
(for example, when two people jointly buy a home), the6 {9 x/ w. K: L8 l& Q# e; H
total of all amounts claimed cannot exceed $5,000.' e0 ]( e( A% l: I' b; A/ L+ Q
Supporting documents – If you are filing electronically, or
" ~' h8 e; g* w1 [# q1 n6 bfiling a paper return, do not send any documents. Keep all
& N: c+ ]! O- s# R1 _* Hyour documents in case we ask to see them at a later date. |
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