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Please see the below detail:
7 Z- I5 y' N' b, ~Line 369 – Home buyers’ amount
8 U& c4 E5 E$ a+ oYou can claim an amount of $5,000 for the purchase of a
. J3 L& Q: l& A" N' Wqualifying home made in 2010, if both of the following
. Z8 h' y" a1 l+ `8 Yapply:' [# S2 ?# r- n+ P# C
■ you or your spouse or common-law partner acquired a5 { K7 z0 y* Y3 D) A# M7 h/ D
qualifying home; and; E$ Y1 H1 z& [; u/ P7 D% P- W( R; t, B
■ you did not live in another home owned by you or your }1 |9 d1 ^9 o1 B$ v
spouse or common-law partner in the year of acquisition
3 w- F2 a0 B, A5 x! @4 ~# [or in any of the four preceding years (first-time' R; t" [- e2 u' j4 m
home buyer).1 A; W( J" g" W
Note! n7 M: Q4 a3 r6 o4 Y2 ?9 h
You do not have to be a first-time home buyer if you are4 _+ t. U% W- G7 o, u
eligible for the disability amount or if you acquired the
4 v2 w/ C8 B1 S5 mhome for the benefit of a related person who is eligible0 H4 o, ]* ]. |4 Y; c7 ]- o3 O
for the disability amount. However, the purchase must/ t" J8 Z' l, J$ o% l# l1 m: r! S
be made to allow the person eligible for the disability2 f# p: U1 P. O" ~2 N
amount to live in a home that is more accessible or better2 }' j' \* W" ?8 L% h
suited to the needs of that person. For the purposes of7 ?' }: v# L8 Z
the home buyers’ amount, a person with a disability is
! X7 C' m6 w+ K3 ?* U) h# tan individual who is eligible to claim a disability amount* m o! F& C) I# N" Z/ ]
for the year in which the home is acquired, or would be
) e+ }# f! h" k# ~- a+ Deligible to claim a disability amount, if we do not take8 d# D! r1 \8 X, r q: `% s. w
into account that costs for attendant care or care in a
4 g7 f; z. Z3 A# hnursing home were claimed as medical expenses on lines: O% [0 F9 [3 b1 ~2 d |# r
330 or 331.
. j @$ X: C! U# k" S% W( jA qualifying home must be registered in your and/or your& \8 T- w j2 x9 M: ~4 F3 P/ z5 X
spouse’s or common-law partner’s name in accordance
$ ], `. {0 c. b! I! zwith the applicable land registration system, and must be( ^3 W7 {7 r; V. ?$ A- p
located in Canada. It includes existing homes and homes
R+ l0 Q! n+ w+ B3 Punder construction. The following are considered
( I7 R* X. @, U6 A8 n" C$ qqualifying homes:
$ v8 U6 f. U3 }, T9 A■ single-family houses;( q9 I# ?6 @7 s1 o; ]# y
■ semi-detached houses;3 I7 U( k$ D& S* u/ K( h
■ townhouses;2 K! w# T3 M! y( x
■ mobile homes;
, Z. l6 j+ s8 ^6 h. j: S■ condominium units; and% Y! J, h; T. p" N
■ apartments in duplexes, triplexes, fourplexes, or5 b- z! ?/ C+ T5 s1 [, Q& J
apartment buildings.
* `6 {$ k2 Z4 g5 n( F& n* }Note7 N5 l5 \2 |6 T
A share in a co-operative housing corporation that
( E4 J; `( F4 c6 ~8 o9 Pentitles you to own and gives you an equity interest in a$ Q9 B( n0 h: P+ R& \8 u5 M9 D8 A' b: d
housing unit located in Canada also qualifies. However,4 u2 m7 U& a! j, d
a share that only gives you the right to tenancy in the
- x6 [) I" f5 C7 [housing unit does not qualify.+ G* P1 p) x! c. t: ^3 K
You must intend to occupy the home or you must intend6 a/ @4 l1 i/ [
that the related person with a disability occupy the home as
+ |& h# {, B) R* A: b- I1 `a principal place of residence no later than one year after it
. L1 g1 r4 I1 x" d5 {* u2 g: P" Gis acquired.
$ G) Q" C$ i/ K: t1 {The claim can be split between you and your spouse or
+ t# f3 p+ A2 h1 ^# G; O Q: gcommon-law partner, but the combined total cannot exceed
7 N* J2 v6 n! ^8 M$5,000.
6 y+ E% d( l7 T) i4 TWhen more than one individual is entitled to the amount
: |* O H! t" ~) g4 `1 y5 u(for example, when two people jointly buy a home), the
9 }6 c2 u9 m3 L" H' K/ E6 `/ vtotal of all amounts claimed cannot exceed $5,000.2 j- L4 D/ ~# r4 Y7 X" e+ \% ~5 F0 ^4 O
Supporting documents – If you are filing electronically, or4 ^4 h' y! }' m9 s! @
filing a paper return, do not send any documents. Keep all
6 z2 P2 f* H* i/ K. ?your documents in case we ask to see them at a later date. |
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