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Please see the below detail:
' ~8 V7 ]. i% S; eLine 369 – Home buyers’ amount; e2 c2 \- u7 [* s
You can claim an amount of $5,000 for the purchase of a# } Z! p' m) l% h
qualifying home made in 2010, if both of the following( c c% L! s6 `5 `& s3 T* r4 T3 a1 C
apply:
' q5 j5 Q( U B1 N' _■ you or your spouse or common-law partner acquired a8 L2 L$ Q$ s1 U4 X
qualifying home; and
6 M$ ?% _6 n4 L) z7 W■ you did not live in another home owned by you or your# ?( _) p4 X) X2 c( r3 \
spouse or common-law partner in the year of acquisition
; q" m$ g1 a. ^; Z& w. r5 bor in any of the four preceding years (first-time
0 f1 Q# b% w1 @3 s+ k; k+ Whome buyer).
9 r( o1 C4 s& Y9 u: \# KNote) R/ p, a: w! r
You do not have to be a first-time home buyer if you are% s6 ?" h% g$ o7 A8 q. d
eligible for the disability amount or if you acquired the
: f5 n0 Z8 X- m! `# ]home for the benefit of a related person who is eligible
% C: @) h n6 S4 O! U( g3 [. s. ]for the disability amount. However, the purchase must
~/ E% L8 O. }8 m' B0 i% kbe made to allow the person eligible for the disability: {5 e5 n% t1 F- h
amount to live in a home that is more accessible or better& j# @) @% w8 I$ D! f- {8 P
suited to the needs of that person. For the purposes of9 i/ ?( b+ S- O" U) K. X" V B
the home buyers’ amount, a person with a disability is
2 b4 }& N( O6 x1 xan individual who is eligible to claim a disability amount
1 S! `; U$ c& \' }) ?8 z2 [' Qfor the year in which the home is acquired, or would be
$ u& R; p* e) Neligible to claim a disability amount, if we do not take
/ n6 u5 z7 S' k, w5 u! Ginto account that costs for attendant care or care in a
7 C! p7 p7 {4 p; Z' ^& R* Hnursing home were claimed as medical expenses on lines
`4 Q+ E6 A0 }6 x330 or 331.
8 |7 T( Y7 A0 a; z" yA qualifying home must be registered in your and/or your! t) e7 `$ X( }5 w" s- x' j
spouse’s or common-law partner’s name in accordance
4 }1 g i V- e$ D, l2 H# Zwith the applicable land registration system, and must be
+ ]2 ^$ J% }9 m) b' }8 Ulocated in Canada. It includes existing homes and homes
8 A$ M9 a( S7 a) f- f. uunder construction. The following are considered" i2 m" z7 k# E, }3 j3 o
qualifying homes:
9 w) j* E/ ?# N* e- w7 A* b7 b■ single-family houses;2 A/ E& V. }( K( `1 P/ g: U* S" P
■ semi-detached houses;
' Y- y* I8 F$ |% l5 u' @) C- ^■ townhouses;- x) p; K7 R/ T9 P5 D3 e
■ mobile homes; j: P) v/ r% {- m2 r- z
■ condominium units; and
& e; e( U8 i, e) Z■ apartments in duplexes, triplexes, fourplexes, or
5 M+ c0 z( i/ y, H- s# oapartment buildings.) a, s6 z' e" z
Note
0 ^) S! a" q; Y4 bA share in a co-operative housing corporation that
! z9 A! T% T5 R4 `! ?2 A; E* Sentitles you to own and gives you an equity interest in a
5 L. N3 W, ?0 M8 Rhousing unit located in Canada also qualifies. However,
/ ^0 u' a0 q" z* y4 Ta share that only gives you the right to tenancy in the
' _1 O0 }/ D- ^; D" ^$ a1 O% Chousing unit does not qualify.
3 E/ l ]2 b' f/ P8 cYou must intend to occupy the home or you must intend1 V( k: G; x- G# a$ a( s! k' b
that the related person with a disability occupy the home as
; H5 y2 p: o: _" g6 L/ Y1 C2 da principal place of residence no later than one year after it
( h8 L/ w R# L9 X+ S% @% jis acquired.- F! T: V# g* e! [. Q3 m
The claim can be split between you and your spouse or; Q/ m1 t5 J6 T9 J
common-law partner, but the combined total cannot exceed
6 y- n; G8 p/ k' }$5,000.
- J5 o8 @ U9 g1 KWhen more than one individual is entitled to the amount" O9 ^/ S0 ^, t5 X
(for example, when two people jointly buy a home), the5 k4 P7 l; L2 L0 @; g4 z
total of all amounts claimed cannot exceed $5,000.
% Z& S- t7 K, Q! v, ESupporting documents – If you are filing electronically, or+ n% _8 d% h2 I1 ^( Y- \& ~
filing a paper return, do not send any documents. Keep all6 ]6 {' S$ Y+ j: b8 J3 N
your documents in case we ask to see them at a later date. |
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