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Please see the below detail:6 r5 d+ y7 q. p' m: j, e
Line 369 – Home buyers’ amount
2 S$ V3 f/ w( N9 F# rYou can claim an amount of $5,000 for the purchase of a/ `, g& j4 o$ J3 G k$ {) h
qualifying home made in 2010, if both of the following9 ~& |# h/ R; M7 _5 C
apply:( T/ C7 x. Y9 g0 E- p* c1 R
■ you or your spouse or common-law partner acquired a4 O9 i# y# H9 o! ?2 B
qualifying home; and4 P V/ f! A" P
■ you did not live in another home owned by you or your+ o5 p3 |0 t z9 d1 O# Y. H4 A
spouse or common-law partner in the year of acquisition
5 `. _, ~7 }2 Q$ ~5 O8 Gor in any of the four preceding years (first-time
% K! a" E2 h; S& p2 g7 `! Yhome buyer).
9 I9 X& b. u8 H0 r* T' ]2 |Note3 l- C- T! N$ y0 N& [
You do not have to be a first-time home buyer if you are5 F$ a) p6 ?) }; q9 `8 o
eligible for the disability amount or if you acquired the
; z E7 K1 E3 Y) `home for the benefit of a related person who is eligible
X; T. z1 d: M5 K+ Ifor the disability amount. However, the purchase must
& G$ s+ h+ ~$ \2 z1 ~be made to allow the person eligible for the disability
6 H% n- R, ~; y- f: H# `amount to live in a home that is more accessible or better
& d0 X" V& x# D' c9 l7 L d4 a3 m2 psuited to the needs of that person. For the purposes of5 \+ }4 A. m# q1 s/ E }& f$ f; P1 w
the home buyers’ amount, a person with a disability is0 T1 f9 P" F; y, }7 }8 s5 b$ u
an individual who is eligible to claim a disability amount
/ B- _* P5 d1 y0 gfor the year in which the home is acquired, or would be
* I8 q+ d& _. L/ W0 @* c/ [! deligible to claim a disability amount, if we do not take
, W. M, s+ `$ x/ Jinto account that costs for attendant care or care in a4 Q7 g5 @, D, n2 A4 N* I( F1 j
nursing home were claimed as medical expenses on lines+ V- z1 c) `/ o: \" Q
330 or 331.% J# Z3 Z2 d3 X6 ^- ~7 B
A qualifying home must be registered in your and/or your4 j$ M8 b4 g9 g7 E# u f, f
spouse’s or common-law partner’s name in accordance c9 v, @3 G5 }- D2 m A
with the applicable land registration system, and must be+ q2 q2 d% S% Z, W5 H
located in Canada. It includes existing homes and homes& T, v, I: r' y
under construction. The following are considered, }4 `# l2 c$ k
qualifying homes:' s7 C, E$ n; G- X/ z9 C
■ single-family houses;
9 l# z! U' g. d3 a) L+ f3 ~3 V& n■ semi-detached houses;
# P8 K2 j" a8 D: R■ townhouses;
' Q8 @$ i: W- Y$ u■ mobile homes;
( b5 |% U" F) m9 J6 D■ condominium units; and6 v0 n- I, M! h" n$ t
■ apartments in duplexes, triplexes, fourplexes, or
# b M) ~) x1 h9 dapartment buildings.
: S0 \* S/ K6 ^' F. h( _Note
1 [0 X- r+ c% E0 Z3 }A share in a co-operative housing corporation that3 V, N2 x( e+ \/ Q" o
entitles you to own and gives you an equity interest in a3 d' }$ [: M' }% w3 q# f( w; N! N
housing unit located in Canada also qualifies. However,
7 C2 h; L7 U+ O- S" ~! J: P; ja share that only gives you the right to tenancy in the
& G: F3 g/ o5 O) C* e, F9 K0 u" ?housing unit does not qualify.
( x+ Z. C- `* |& h% s W8 u) \You must intend to occupy the home or you must intend9 A4 U/ d! j& d) }2 t
that the related person with a disability occupy the home as' @' X* g' ]/ L8 [$ q' Q
a principal place of residence no later than one year after it
; u4 A5 g) \% ~1 e5 ais acquired.
6 |, I! n2 \! n5 OThe claim can be split between you and your spouse or% l3 D4 F5 k; o5 W9 s
common-law partner, but the combined total cannot exceed; z* X$ _* F, ]3 D2 J3 s2 t
$5,000.
) N, I& N6 t6 ]7 b6 \1 u, J5 sWhen more than one individual is entitled to the amount
6 J) h7 i( ]* h' _- C( y$ s/ i* r(for example, when two people jointly buy a home), the3 V, ~" t( T, w# \6 o5 l6 B+ N6 M" t
total of all amounts claimed cannot exceed $5,000.# C) i, p8 y6 B: L
Supporting documents – If you are filing electronically, or
. f# u! w& g0 Zfiling a paper return, do not send any documents. Keep all( F3 H3 J0 \6 |" A' d; Z) _* j
your documents in case we ask to see them at a later date. |
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