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Please see the below detail:
: p% Q$ V$ F9 r3 Z5 ?3 yLine 369 – Home buyers’ amount6 c7 ~% C' w- x: W
You can claim an amount of $5,000 for the purchase of a
# j; y( z O( n N. c5 w5 c! [qualifying home made in 2010, if both of the following* R5 L' }6 O% Q3 W4 }
apply:. t7 e! ~0 }; ?! F" E+ p# z
■ you or your spouse or common-law partner acquired a
, |" W9 X, p" g+ hqualifying home; and7 u% \6 ]. P" q: s7 ^. o
■ you did not live in another home owned by you or your& Q# T4 o+ Z" d+ J6 t& y
spouse or common-law partner in the year of acquisition2 f7 v5 h+ v* G* U3 {% u* i6 m
or in any of the four preceding years (first-time# v7 e6 n* B' Z, _2 ~5 I4 Z( M
home buyer).' ~, w0 X, H# f" f
Note( D' v: }1 M/ Y: M- d3 |5 a- |$ ~
You do not have to be a first-time home buyer if you are
% B$ m0 M9 {$ r$ ~2 ?eligible for the disability amount or if you acquired the
8 Z/ {$ Y' b5 P* thome for the benefit of a related person who is eligible) m7 H4 S5 W6 v& z
for the disability amount. However, the purchase must
9 o$ ~ B6 T q( M( ?# o7 D# xbe made to allow the person eligible for the disability
$ D8 Q3 s) d3 Q3 `amount to live in a home that is more accessible or better! H2 ?# h" j O6 l
suited to the needs of that person. For the purposes of
9 d* @1 Z# `5 f4 Fthe home buyers’ amount, a person with a disability is. `# @; r1 l2 G
an individual who is eligible to claim a disability amount
0 K6 K x2 _. yfor the year in which the home is acquired, or would be
, q# ?: D# o+ A5 e8 Zeligible to claim a disability amount, if we do not take0 t9 y' H1 g2 Z" A6 y
into account that costs for attendant care or care in a
7 Z% O. ]$ M/ B; J- Y" L0 a; _nursing home were claimed as medical expenses on lines
! a$ f, ?: U5 l330 or 331." n. W+ J" f, `7 X
A qualifying home must be registered in your and/or your: Z/ V3 R# M* y5 y3 V) m
spouse’s or common-law partner’s name in accordance8 v- z$ L0 _7 f' v1 E! h
with the applicable land registration system, and must be6 K/ M: T, [6 Z- s, T2 y0 x3 k- k
located in Canada. It includes existing homes and homes2 r; t2 R$ Z' v% u4 k1 n/ u0 Q$ R
under construction. The following are considered
( W+ p- r; ~9 y! ?; Jqualifying homes:
) p( f8 A6 w0 r/ \8 }( ]1 P( E2 o" e: ^" Z■ single-family houses;9 W& q4 |& ]. }
■ semi-detached houses;
0 p9 a N5 |$ P; R■ townhouses;6 `+ @2 w& k9 U( N8 V& [
■ mobile homes;9 }/ J$ ~1 e3 d; Z3 _
■ condominium units; and
Y) ~ h: C! |* o3 z' \" c■ apartments in duplexes, triplexes, fourplexes, or
2 ~* l. q1 B/ h9 Wapartment buildings.$ z [: i$ c$ O$ u- R6 g V
Note( k) B, ^' }- y7 ~( H3 j
A share in a co-operative housing corporation that$ b9 P! b* Y. w6 U/ m
entitles you to own and gives you an equity interest in a# I+ u1 G, ]0 v* R9 |* V
housing unit located in Canada also qualifies. However,
! O& t2 z; J' A- L1 c4 k. ba share that only gives you the right to tenancy in the4 x# ^/ z1 j; N7 a# S
housing unit does not qualify.1 F' z G) j8 {+ b0 E; C
You must intend to occupy the home or you must intend. I @2 N3 h* u0 l( U
that the related person with a disability occupy the home as5 W1 m( J- y7 Y1 N8 _" s5 q7 z8 g
a principal place of residence no later than one year after it3 h, `) U l- x; P- j* |
is acquired.1 E& |, x4 Z$ k
The claim can be split between you and your spouse or/ A) F' |/ B! C. U
common-law partner, but the combined total cannot exceed6 G5 @. p6 F) |( F9 O( F; f
$5,000.7 C6 X% G- L9 E: C* ~! m
When more than one individual is entitled to the amount0 `( }( B3 \$ b* ?4 b, ]
(for example, when two people jointly buy a home), the
3 ]8 b! ]2 ]; O+ g0 S: s" }9 utotal of all amounts claimed cannot exceed $5,000.4 b3 Y& E4 u% d
Supporting documents – If you are filing electronically, or
! y+ q! ?4 j7 G1 Dfiling a paper return, do not send any documents. Keep all
: D" }9 o# o myour documents in case we ask to see them at a later date. |
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