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Please see the below detail:$ W( u* c" v6 H1 h
Line 369 – Home buyers’ amount
O1 o9 R0 S: IYou can claim an amount of $5,000 for the purchase of a
6 |) j6 A! z4 Q0 h% cqualifying home made in 2010, if both of the following
( Y, `, O4 U" P) x* K( zapply:
( b% z1 Q0 ]. M% u0 I■ you or your spouse or common-law partner acquired a
" j! J1 S% o9 h) b lqualifying home; and7 j/ L7 ]- s9 I: J( a& U- R! W
■ you did not live in another home owned by you or your$ B5 x' F1 c) B; K7 ^( i
spouse or common-law partner in the year of acquisition( i- l- B1 S, C$ |4 d
or in any of the four preceding years (first-time$ `' d. F' W$ G' c) z
home buyer).
' H9 R7 t$ {- Q: l- B: V) lNote- v0 b& x8 D6 T4 v
You do not have to be a first-time home buyer if you are
, @0 e& w6 }0 keligible for the disability amount or if you acquired the
9 M' `; ^7 z9 m9 phome for the benefit of a related person who is eligible
; s3 R1 d; B( G: h) q4 Pfor the disability amount. However, the purchase must2 O- d2 q( Y/ |4 T5 A/ ?( R% Q
be made to allow the person eligible for the disability6 v6 \* f" N7 F/ a2 {) @
amount to live in a home that is more accessible or better
$ X- Q1 ?$ j) Psuited to the needs of that person. For the purposes of
8 y* E& J- ?0 G5 wthe home buyers’ amount, a person with a disability is+ r# U% ?' x, Z. q; [, ~+ P+ b: e
an individual who is eligible to claim a disability amount9 X' T% ^) e/ p# z
for the year in which the home is acquired, or would be" _1 M( g& r4 a9 ]1 g( u& u: a
eligible to claim a disability amount, if we do not take
2 }1 D& }/ i# Y! ?% Ointo account that costs for attendant care or care in a3 w( w2 W8 F5 k( B
nursing home were claimed as medical expenses on lines! {# ^9 Q' R# E6 E& i: y
330 or 331.
6 ]) G. G/ w* I& l3 ~8 W1 h4 sA qualifying home must be registered in your and/or your, D4 k" M* W- q# r l8 p/ ?
spouse’s or common-law partner’s name in accordance
6 E1 k! h' Z( e2 q) Uwith the applicable land registration system, and must be
6 j- ?4 ?; D2 Tlocated in Canada. It includes existing homes and homes
$ E% C* j0 @7 M6 b, n9 gunder construction. The following are considered
5 ]% F" g7 }# e" S2 C0 Oqualifying homes:
3 s* n0 Z8 I# L■ single-family houses;
, s! Y4 K/ @! u■ semi-detached houses;: m% u' y( l6 ?5 R y" A; G S* s
■ townhouses;
+ n$ o+ q8 p/ F! Q1 L! Z* V■ mobile homes;% e: R9 V5 [# I. s. o$ M$ _& ]+ m
■ condominium units; and
$ Q! g* P* K+ l■ apartments in duplexes, triplexes, fourplexes, or
" K2 { a4 M, @3 sapartment buildings.
3 G. \. v1 T+ y$ W4 P( ~Note( k5 @& Q& r G) L8 w- I
A share in a co-operative housing corporation that
( y8 }- F- }' r/ tentitles you to own and gives you an equity interest in a7 [8 T) ^$ _% Y8 W# R w
housing unit located in Canada also qualifies. However,- N# ]& @. U1 c, s/ h* p7 b/ c
a share that only gives you the right to tenancy in the
8 u* u, I$ w/ B# ?housing unit does not qualify.
0 r) p, G+ l" k i: S3 v) _& XYou must intend to occupy the home or you must intend; V1 y" {; Z% z
that the related person with a disability occupy the home as
( l7 }$ h0 g6 i. |* } {a principal place of residence no later than one year after it
) Q+ K+ |* G5 r: Nis acquired.# K; D! a% T, i' e/ ]
The claim can be split between you and your spouse or
2 h( l4 D! L- F7 F+ [ ]0 Ocommon-law partner, but the combined total cannot exceed
% L/ f6 l& [" ~- M8 m* \& \$5,000./ ^2 N! C2 n6 a1 X
When more than one individual is entitled to the amount
/ H4 b) R A/ q! i(for example, when two people jointly buy a home), the
- ~4 G" E$ p$ c# z7 e+ }total of all amounts claimed cannot exceed $5,000.9 ^8 k" w: m7 x! D
Supporting documents – If you are filing electronically, or
4 k& \9 g. @6 mfiling a paper return, do not send any documents. Keep all6 i7 y$ F! S& j# Z9 n. @
your documents in case we ask to see them at a later date. |
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