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Please see the below detail:; S! ~. d) F& H4 E9 l
Line 369 – Home buyers’ amount
2 Q, m0 i5 e2 @& oYou can claim an amount of $5,000 for the purchase of a
1 q8 z9 q' C8 H6 S8 Aqualifying home made in 2010, if both of the following; g9 _% s' w0 {& G% q' f/ e- U
apply:$ l2 o' y4 Q! p/ e% Q
■ you or your spouse or common-law partner acquired a: T2 C/ A5 ]& |9 W- v# [0 o" U- y
qualifying home; and8 r' r0 T1 n, J e7 c) H- F
■ you did not live in another home owned by you or your/ |7 i2 `' D# y, \( i' d
spouse or common-law partner in the year of acquisition) h- H0 W o+ k0 r* B
or in any of the four preceding years (first-time5 ^% I+ b& j' Z
home buyer).
, X- n, e2 K9 n: ^& K8 s& ONote, U6 o& k1 N, y$ K; m
You do not have to be a first-time home buyer if you are
3 m( ^' ^3 j6 e3 N- n" {$ aeligible for the disability amount or if you acquired the
% ]3 f9 E$ Q0 N# Z7 q+ H% |home for the benefit of a related person who is eligible% y: H, x1 M% Z h6 M9 R
for the disability amount. However, the purchase must; N; L' N/ z1 }$ v/ g$ i, l/ y! ^
be made to allow the person eligible for the disability D4 @7 W$ u+ Y8 T3 T' k
amount to live in a home that is more accessible or better F( r. f/ m$ `$ j: ?% S/ c
suited to the needs of that person. For the purposes of
! ~# F9 c( f9 k# q7 ~the home buyers’ amount, a person with a disability is
6 G1 p1 e+ J1 _: Y" Kan individual who is eligible to claim a disability amount3 X7 x2 P; ]. S) Z
for the year in which the home is acquired, or would be
0 X" |% ]6 G) }5 q7 o) Seligible to claim a disability amount, if we do not take
! L' d$ o4 P, H2 Einto account that costs for attendant care or care in a2 t, W r5 z8 L* z4 ?
nursing home were claimed as medical expenses on lines: w$ s8 j& b- u
330 or 331.( Q1 Q2 o& F, m) B% Q# R8 i
A qualifying home must be registered in your and/or your
7 Z( T6 }3 V( c) fspouse’s or common-law partner’s name in accordance
$ V+ W# P H( }9 gwith the applicable land registration system, and must be
, K2 s3 E. j1 E2 l _/ N0 ~2 Nlocated in Canada. It includes existing homes and homes
. k; @+ N2 ^# r& a* j' i. Qunder construction. The following are considered/ B; S' v" W, K0 B8 z
qualifying homes:8 D4 f; L/ q X
■ single-family houses;
* T( t- L+ Y4 i5 c■ semi-detached houses;
& x7 O2 M, B% c- ?! j■ townhouses;
8 n8 g$ ]& `, A■ mobile homes;
; D; @5 m) H$ s: K5 H B■ condominium units; and& h0 f3 @. o5 k; f l
■ apartments in duplexes, triplexes, fourplexes, or
4 O& A, ?. a! R- d$ Y( hapartment buildings.7 H" w! H& u* @8 s f* M( d" V
Note# W& F u& H" {" |: ^0 ]
A share in a co-operative housing corporation that
[. e* N8 F& `# tentitles you to own and gives you an equity interest in a
8 j3 v- m' `. R% {9 ]housing unit located in Canada also qualifies. However,! a! q7 a7 F9 u; |% r
a share that only gives you the right to tenancy in the m0 a( V7 y( W* Z
housing unit does not qualify. ?; F8 Y6 c& b; D: x# k/ c3 l
You must intend to occupy the home or you must intend8 y3 Y, P3 K* x
that the related person with a disability occupy the home as3 w# W7 P+ v. \ @) J
a principal place of residence no later than one year after it; `- Z; q! l r, H
is acquired.
3 r5 [# s. [/ z& s6 H. k. jThe claim can be split between you and your spouse or
: b6 V* i! s' y8 ]& F7 wcommon-law partner, but the combined total cannot exceed9 L" ~9 Q" Z h' v6 L9 V
$5,000.8 I; w0 W) ?; X! W$ c$ J
When more than one individual is entitled to the amount9 O5 U* n3 `. ~9 O" m) ~
(for example, when two people jointly buy a home), the' {) @3 S, Q; }
total of all amounts claimed cannot exceed $5,000.2 e4 j1 l" G4 K7 t
Supporting documents – If you are filing electronically, or
( Y: J& f7 }( g; Wfiling a paper return, do not send any documents. Keep all
5 S6 x9 x4 o4 r# {5 {your documents in case we ask to see them at a later date. |
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