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Please see the below detail:
3 i( ^+ t+ [/ l, A* e# \Line 369 – Home buyers’ amount8 |( a8 n9 }3 M' J5 |- k
You can claim an amount of $5,000 for the purchase of a
" q9 K' ?+ v) `* Q. z6 H' r! fqualifying home made in 2010, if both of the following h' S# |4 p/ r# \9 h( m, K {
apply:% z+ k+ B9 @7 ]; t+ F
■ you or your spouse or common-law partner acquired a5 P& g5 m% {) ^6 k! K
qualifying home; and
" G3 _2 A, T/ \1 V' q# E■ you did not live in another home owned by you or your1 F5 t* c4 b+ j) ?7 F! S( }6 A8 n
spouse or common-law partner in the year of acquisition3 g2 @! j" U% g' h1 y* z( P
or in any of the four preceding years (first-time
$ v6 u1 n# N$ R nhome buyer).
: o( D* J9 T1 B0 f4 rNote% x+ o5 B1 Y5 V P
You do not have to be a first-time home buyer if you are
$ m1 N3 ?5 J' U3 o1 P. ~/ |eligible for the disability amount or if you acquired the( F) `! G( n" v/ @' d: e* f
home for the benefit of a related person who is eligible
?2 G8 r; i3 J8 ^0 ffor the disability amount. However, the purchase must* o6 M3 Y0 ~% u3 m& R1 \& N, Q# m
be made to allow the person eligible for the disability) ? i8 O6 @) H$ L( }! Q0 P, o
amount to live in a home that is more accessible or better
2 q2 g% R' m: A/ F" bsuited to the needs of that person. For the purposes of
- o/ X }, O( u! }6 m% j: Othe home buyers’ amount, a person with a disability is) C/ v! v# l! Z5 c# d+ \) P
an individual who is eligible to claim a disability amount
* A# e1 i6 n6 b% xfor the year in which the home is acquired, or would be
& F A. n$ B, c8 T3 h( O5 q; Yeligible to claim a disability amount, if we do not take5 U G' D5 S0 t. R" m
into account that costs for attendant care or care in a: d2 H% n6 ~* G4 W$ H' u2 D8 j
nursing home were claimed as medical expenses on lines
2 o! C i' g" J, _. G4 U! \6 W330 or 331.6 ]5 T3 V& \- T" A/ l
A qualifying home must be registered in your and/or your; J8 O/ O$ Y F. O
spouse’s or common-law partner’s name in accordance- f3 v9 O1 O) J; Z, _! q
with the applicable land registration system, and must be
' \8 F% ]1 i8 x2 Z4 D, wlocated in Canada. It includes existing homes and homes7 e3 t4 a i; o6 ~
under construction. The following are considered! ~1 K; u: c6 w0 T3 Q
qualifying homes:
! X; X0 ^! ^! V' j■ single-family houses;
! ?* E% }3 U; r: A; l3 W: D■ semi-detached houses;6 Q4 i8 N9 ~2 x- [6 P" Y
■ townhouses;
: J0 r$ _+ Z; a) }" w, Q■ mobile homes;3 M2 v" F+ Z* n* ^$ [" F) B
■ condominium units; and
# H+ J* J7 d% B7 v■ apartments in duplexes, triplexes, fourplexes, or J' ] n6 h8 \. K. D0 L( Z8 [
apartment buildings.
" s/ r& U; H3 _! T1 v7 `Note
( J' ? O$ q- XA share in a co-operative housing corporation that* z& b; P9 U2 _
entitles you to own and gives you an equity interest in a( t' V8 b2 K2 p
housing unit located in Canada also qualifies. However,
9 U2 \ x8 m7 X- d" Z Da share that only gives you the right to tenancy in the6 g# v% U. r; L; @# X# f# q# K
housing unit does not qualify.
& T. v7 j% T' W5 J/ d$ b- nYou must intend to occupy the home or you must intend
" j: l( L3 `0 z. vthat the related person with a disability occupy the home as- C0 l" W& l) J: Z, C7 G; r4 N
a principal place of residence no later than one year after it
. m& m: W; M" ?( p; t5 wis acquired.& s$ a$ @ i% U
The claim can be split between you and your spouse or) J2 G- _* N y7 o4 \
common-law partner, but the combined total cannot exceed
+ s" Y* J) s2 L$5,000.
; {$ K. r% }( x6 G* u6 GWhen more than one individual is entitled to the amount
; X3 S0 F$ a8 c3 u4 M& |& d9 i(for example, when two people jointly buy a home), the
: D5 u) {8 l7 itotal of all amounts claimed cannot exceed $5,000.
4 T5 e8 e$ e' k3 ZSupporting documents – If you are filing electronically, or
$ i+ j) i1 O/ y! L7 d- Yfiling a paper return, do not send any documents. Keep all
& ?$ E1 ?( ~$ z4 Y) ?# l7 Pyour documents in case we ask to see them at a later date. |
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