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Please see the below detail:
: B, Q: c/ K; C2 \0 f3 f; W5 `Line 369 – Home buyers’ amount K+ i# |. F' o7 c& v, X7 m& |. r
You can claim an amount of $5,000 for the purchase of a* q) e* U) X- z( O/ h" M
qualifying home made in 2010, if both of the following
# M7 f3 W4 p6 v1 iapply:. f* u8 L; ^8 }
■ you or your spouse or common-law partner acquired a# p$ ]8 v: E/ v8 y& ?4 [# Y
qualifying home; and+ P9 k4 a( b4 e4 h7 i6 [
■ you did not live in another home owned by you or your
: ^6 G" U! y7 K8 ?6 aspouse or common-law partner in the year of acquisition
* A# F% m$ B" }3 P9 m( y+ s4 vor in any of the four preceding years (first-time
* }% V: ^" E# e. Nhome buyer).
- D& T2 i7 k4 n: J( lNote* @: u. B- r1 ?& @
You do not have to be a first-time home buyer if you are/ m8 ?! u8 R' A- `* E' }5 p" L2 l4 H
eligible for the disability amount or if you acquired the- U/ Z9 c6 i% V! q% q% d6 n( o
home for the benefit of a related person who is eligible6 I& h0 v6 \9 x( p. s3 A1 t( `
for the disability amount. However, the purchase must
, [9 n% V/ h1 C, O& X" Zbe made to allow the person eligible for the disability! S2 j, n- b% L" \' L7 N
amount to live in a home that is more accessible or better
2 F& F' L* i& S* x" {7 Y: tsuited to the needs of that person. For the purposes of
0 O4 x# f- W+ _/ i7 c" A5 E* ithe home buyers’ amount, a person with a disability is
# C$ [. J) j, l% T+ t; S3 x( Zan individual who is eligible to claim a disability amount9 J% D$ y( Z: I" |2 g* g! s
for the year in which the home is acquired, or would be
9 j' ]; H0 U" e% Q. Meligible to claim a disability amount, if we do not take
4 _ J/ o$ r& L( f u: ]) D9 _# uinto account that costs for attendant care or care in a# L# a9 `) @0 E" {
nursing home were claimed as medical expenses on lines6 }% Q& h3 U) p8 T |* N
330 or 331.# r( m/ h4 u3 M( [& `: F) ]
A qualifying home must be registered in your and/or your- ^$ u. \/ ^! T
spouse’s or common-law partner’s name in accordance
6 e; q ]7 P+ C5 Swith the applicable land registration system, and must be
8 h" d7 z: p3 ^; r, d5 Elocated in Canada. It includes existing homes and homes
9 \2 T+ ^9 S+ Z; hunder construction. The following are considered1 V/ [4 A- O9 t
qualifying homes:
j5 ]* M( A& C; d, ?- I■ single-family houses;" ]7 I" \& x0 c5 a* J+ u
■ semi-detached houses;
# k( c9 B( u4 d■ townhouses;/ d" Y3 {* }( O3 k6 Z; ?3 U
■ mobile homes;
% V* }9 a! q, u8 ~1 B, }+ Z3 E■ condominium units; and! L' J" ?5 |' Y, r- W( D( U I
■ apartments in duplexes, triplexes, fourplexes, or
* e5 v9 B5 e5 [4 [+ ~/ }4 G4 Qapartment buildings.
, d1 J4 q# l% f- O5 @' y$ _% @Note
- k3 ?# b" W2 c+ J ^A share in a co-operative housing corporation that
; z& D- D2 g0 G- z6 u- h% C9 Wentitles you to own and gives you an equity interest in a: _0 l; m/ Q2 o* X
housing unit located in Canada also qualifies. However,' |0 C7 V) k3 @! i5 E
a share that only gives you the right to tenancy in the
9 H: `/ T4 O$ [2 X+ Ahousing unit does not qualify.
" p5 u9 T/ Q6 j; i4 T$ o/ |4 E! AYou must intend to occupy the home or you must intend
1 L p) J- W0 [4 ?; e% Kthat the related person with a disability occupy the home as
& z; A% M1 c3 y8 H* N6 u U- g7 ]a principal place of residence no later than one year after it
( Z6 Q3 R3 J. l! b# Yis acquired.9 C; [' F: W" |& ?( w4 @ F
The claim can be split between you and your spouse or6 _- ^5 C4 t) l7 Q; S
common-law partner, but the combined total cannot exceed
) P8 W& P J+ x& P, l$5,000.
1 X& U. {- x. YWhen more than one individual is entitled to the amount
' v$ Q5 T' r0 D+ t(for example, when two people jointly buy a home), the# E7 K$ }) t [1 E# Q
total of all amounts claimed cannot exceed $5,000.
" u2 a; u; R. l; w9 u. qSupporting documents – If you are filing electronically, or
* y+ K7 B, s# s1 ?2 Ffiling a paper return, do not send any documents. Keep all7 ~1 C- r" r \( [! M6 E/ @
your documents in case we ask to see them at a later date. |
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