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Please see the below detail:2 e8 Y0 w P2 S2 q2 _( v* |2 u1 S
Line 369 – Home buyers’ amount
+ d" I9 D4 H& ~You can claim an amount of $5,000 for the purchase of a8 K9 n5 I: g9 I. b" n
qualifying home made in 2010, if both of the following
' O+ Q0 R) i" g1 ~. ^& Tapply:
* Y" ]5 m, m$ y+ f" v7 E) G■ you or your spouse or common-law partner acquired a
; N S- t( |- ^* o8 g* Hqualifying home; and
, g1 {1 G! b) [9 Y. y■ you did not live in another home owned by you or your
# E h. q k7 Q# @spouse or common-law partner in the year of acquisition
8 f8 B$ Z* i% Por in any of the four preceding years (first-time
5 Q5 T: N: y6 J* V, |- A$ mhome buyer).
) K# C g- S' L- R4 P M2 l% hNote) B; B' Z1 ?7 Q# u0 z! [
You do not have to be a first-time home buyer if you are
% j% A" F% p) C: Zeligible for the disability amount or if you acquired the
! I) ?5 t. X# m( J9 K& zhome for the benefit of a related person who is eligible5 J, l) X$ I' u
for the disability amount. However, the purchase must5 {5 }4 u. N* [; Z6 G& d, q
be made to allow the person eligible for the disability3 i g& w) z' `2 {# y+ V6 @
amount to live in a home that is more accessible or better& Z; y8 F, O* v0 o# `' c1 l% n3 c
suited to the needs of that person. For the purposes of
; @/ r3 S4 f' y4 b- K# \0 Kthe home buyers’ amount, a person with a disability is
! ~6 S$ C4 W- t u" r J! E f. m; U6 @an individual who is eligible to claim a disability amount s" ^% }: r6 F8 ~/ ~
for the year in which the home is acquired, or would be
- ~ o8 O( ~* k; t- |$ b% O' jeligible to claim a disability amount, if we do not take
$ @: D5 ]9 J2 O- p* t" Iinto account that costs for attendant care or care in a
+ H* Y0 Z2 `# b2 ~! V' onursing home were claimed as medical expenses on lines, P9 c2 f2 Z, V
330 or 331.5 v$ V |1 W; O0 S" S
A qualifying home must be registered in your and/or your+ Y7 q$ \' V# n' e* Y7 p1 h
spouse’s or common-law partner’s name in accordance* x$ a) N' `; A1 c* t
with the applicable land registration system, and must be* t( x& J- @ t& t
located in Canada. It includes existing homes and homes$ d6 x: ?7 h( M' R9 G! W) Q# ?, {) T
under construction. The following are considered! C) R9 W5 N" R! j, f, H
qualifying homes:
$ l) X$ X6 |0 U; |7 I/ Y' p■ single-family houses;( j* A* \( Y; ~+ g' @- k
■ semi-detached houses;
5 T) C5 S7 T+ b# |. D■ townhouses;
5 Z5 J/ h/ H0 X" {3 r; {■ mobile homes;" s ~2 ^5 j2 p8 x! h' p; v
■ condominium units; and! j0 O. s# h# }& q% r$ I6 w3 o: C
■ apartments in duplexes, triplexes, fourplexes, or
9 ?) h3 Q) N' y' @$ G3 Oapartment buildings.( {# e" G: s0 M7 n
Note
& A; E+ D I, [. SA share in a co-operative housing corporation that
4 L3 H& O5 I. K. Kentitles you to own and gives you an equity interest in a
' ^- \: V# h3 G) z) ^' |housing unit located in Canada also qualifies. However,2 v: q7 p) K$ R- `6 [# {
a share that only gives you the right to tenancy in the
8 f2 S0 x$ f/ i4 H0 E6 {& |housing unit does not qualify.
1 d/ V4 i. m- CYou must intend to occupy the home or you must intend2 b" D3 |0 v6 e0 W; J. | D
that the related person with a disability occupy the home as
9 T) d: l+ |" Y' N+ za principal place of residence no later than one year after it
. F% p0 C7 G9 t6 g; |! T8 Iis acquired.
: g$ w$ S* v0 f, G- u6 H$ O& HThe claim can be split between you and your spouse or
/ _! M2 w3 I1 T4 [8 s4 Hcommon-law partner, but the combined total cannot exceed; A' t* Y: M* P4 i
$5,000.
: f# ^' z) F- hWhen more than one individual is entitled to the amount+ S: S7 v- c) |/ M
(for example, when two people jointly buy a home), the
; B+ K; y8 U0 S2 y0 _! g3 {" S2 H" Gtotal of all amounts claimed cannot exceed $5,000.' L6 r5 f1 I. x5 c4 X
Supporting documents – If you are filing electronically, or
+ S2 Z! Q# }7 E( \6 K5 gfiling a paper return, do not send any documents. Keep all
G. c, v5 F1 u+ Vyour documents in case we ask to see them at a later date. |
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