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Please see the below detail:9 o7 N" f" _$ k$ r
Line 369 – Home buyers’ amount
3 m6 k4 X5 H9 P. o0 GYou can claim an amount of $5,000 for the purchase of a
/ H" _9 p1 }0 [7 \qualifying home made in 2010, if both of the following9 s1 d4 \1 [1 I" n9 F
apply:
7 [5 A6 c( I2 x* d■ you or your spouse or common-law partner acquired a
4 o3 @% W8 a& \! H+ gqualifying home; and
( W& C; `, _! Q% e: \8 T% e■ you did not live in another home owned by you or your
8 l8 t) X$ I& L- Q) q& Z; Z) Tspouse or common-law partner in the year of acquisition r0 x& H) A5 s# v8 @$ f; Z
or in any of the four preceding years (first-time
1 ], @7 n% i& r+ D. shome buyer).- T; o# c$ A7 O; A0 d
Note" O: [9 r( ~8 E4 w) R: [
You do not have to be a first-time home buyer if you are& p5 a# K, S) _. o0 H8 Y
eligible for the disability amount or if you acquired the
! F* u8 N: t. l5 o2 b4 @home for the benefit of a related person who is eligible
: }2 r' q8 r3 z& m0 c& m* Jfor the disability amount. However, the purchase must
$ C/ x" m: M* ?: K" M8 {/ cbe made to allow the person eligible for the disability
0 w% G# u% o- u4 I) q8 m' |amount to live in a home that is more accessible or better9 u' X% } u8 m: s/ f
suited to the needs of that person. For the purposes of
+ d7 v5 v% S- p2 o! \, Xthe home buyers’ amount, a person with a disability is4 ~! o+ i9 ]5 R/ m/ @
an individual who is eligible to claim a disability amount
; e* n: Y0 [0 @# Jfor the year in which the home is acquired, or would be
" o' F. p5 H: s9 Weligible to claim a disability amount, if we do not take
4 ? r" H1 z2 B* q4 V. V! w- \0 zinto account that costs for attendant care or care in a6 ]/ y% B, h! c2 @) i# W
nursing home were claimed as medical expenses on lines; Y: ?5 w, G. U* P/ g
330 or 331.
1 [( C+ \/ x% FA qualifying home must be registered in your and/or your
* k. O4 Z/ l( }. R! q$ Sspouse’s or common-law partner’s name in accordance, m+ X9 e! G2 b; {) B
with the applicable land registration system, and must be1 G! Z1 X1 q0 s! ~. C! f- E
located in Canada. It includes existing homes and homes) U7 j I8 y9 a6 n- R6 f3 z3 r
under construction. The following are considered
l# k" K7 B( w$ H& h: rqualifying homes:
4 T4 h9 R& @* K7 Z* j5 l2 y9 P■ single-family houses;8 K. u1 a4 B2 N! ~1 W0 n
■ semi-detached houses;; T/ L( o- ?6 n9 u
■ townhouses;
0 ~$ r7 C6 M' \4 i/ x& `■ mobile homes;
, L" F9 w* C1 D8 E/ _* W( M2 x9 V■ condominium units; and
1 B. e% [8 D6 Y: }■ apartments in duplexes, triplexes, fourplexes, or( ^, |6 g; E% f% q" t9 s: A }
apartment buildings.; e' W( _7 v/ p1 V4 {/ O
Note. {/ [; U9 j$ @$ [9 }
A share in a co-operative housing corporation that; M0 j' N9 S; m' m0 U9 V
entitles you to own and gives you an equity interest in a z' d j! W6 N# Z, K
housing unit located in Canada also qualifies. However,
@3 w: [& F+ Z% A5 h" s: r& B ca share that only gives you the right to tenancy in the
* {5 O T ^8 Y+ `% }8 ?+ `* ]+ }$ x7 Y) w, Ahousing unit does not qualify.; E3 u! m$ ]" Z! j
You must intend to occupy the home or you must intend& E: L5 A. U1 @
that the related person with a disability occupy the home as5 F0 I# r8 L& g; [& m' o8 U& l9 d
a principal place of residence no later than one year after it
0 J) B0 k1 W, @9 ^( Dis acquired.
) t6 x B/ Q/ O0 J: u9 B6 P# z* WThe claim can be split between you and your spouse or
. z; ^" b6 k9 Vcommon-law partner, but the combined total cannot exceed
: E0 R7 u9 D7 h/ G! O! ^' T; T$5,000.6 I7 W8 X6 X% ~7 A/ y: w
When more than one individual is entitled to the amount7 I! ?- _+ w4 q
(for example, when two people jointly buy a home), the( T% l% x$ J2 G4 c# e: x% o. {
total of all amounts claimed cannot exceed $5,000.
4 E: ^9 {- { v! z" D! WSupporting documents – If you are filing electronically, or
8 U, ]4 ~' v; E0 V$ ?/ Jfiling a paper return, do not send any documents. Keep all E: D& { @9 q- u& t5 O" a
your documents in case we ask to see them at a later date. |
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