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Please see the below detail:( T6 G5 ]/ s: F. ~
Line 369 – Home buyers’ amount
2 @) U! e" g: S$ m+ k8 Q0 GYou can claim an amount of $5,000 for the purchase of a
* |7 V* r1 U) Rqualifying home made in 2010, if both of the following( q" k( ^' e5 [5 o' s1 m; @
apply:
" ` w0 P" v6 C' K, E■ you or your spouse or common-law partner acquired a
- ]4 V/ l9 {7 r& N+ B. Y+ C9 ]qualifying home; and
. c* E* b) B' c2 L" e■ you did not live in another home owned by you or your
/ l! c3 w3 W- J; I4 T! e. I/ Espouse or common-law partner in the year of acquisition- z7 g2 N2 { u6 X( p0 N1 d; R
or in any of the four preceding years (first-time5 M: g) n" ] a' t% @1 u
home buyer).( Q: n( T# x2 {4 z
Note- j0 c* K3 O! |% C' a" {
You do not have to be a first-time home buyer if you are
* h2 w. Q1 ~( a9 a% I1 D. A2 \" e5 d. Leligible for the disability amount or if you acquired the d$ g% ]3 B+ `& q3 d
home for the benefit of a related person who is eligible
# g m: D! F( N% Q9 afor the disability amount. However, the purchase must1 v* x3 k9 n0 t9 p) X' i
be made to allow the person eligible for the disability
: A% |/ Q$ J# Y: f" M6 X Damount to live in a home that is more accessible or better
$ n4 O# W( w# ~+ h. X4 hsuited to the needs of that person. For the purposes of
' t* h, O1 N9 I" x) F; U$ ?the home buyers’ amount, a person with a disability is; G8 F8 e7 `6 T. o7 e$ W& P* K
an individual who is eligible to claim a disability amount) G' s* U, c# j8 C- Y+ b
for the year in which the home is acquired, or would be m% x/ u3 U: L' R4 {% m. }5 \
eligible to claim a disability amount, if we do not take2 p( I, V2 i# v
into account that costs for attendant care or care in a
! h0 y* x0 c+ p" |( \nursing home were claimed as medical expenses on lines. ^+ @ P$ @: U6 i( E' E
330 or 331.5 k+ g. k' i* R
A qualifying home must be registered in your and/or your
* i6 ?" l5 n% [4 p1 K9 }6 L4 Qspouse’s or common-law partner’s name in accordance
5 ~& F- u, q; G$ s% F7 swith the applicable land registration system, and must be
1 {/ c6 M& p' \+ J' Plocated in Canada. It includes existing homes and homes
: T4 ~2 U$ M/ v! {% \2 `, Eunder construction. The following are considered$ w% {/ ?/ Y7 U7 G5 p: e
qualifying homes:/ f' s* d9 l% w A
■ single-family houses;
5 }. n/ v. I W( j- i0 \' {- a■ semi-detached houses;- e5 y- R( u. `7 ?9 o; f
■ townhouses;
1 p- A# g' x# h9 t: G■ mobile homes;
$ |; I2 ?0 K) g3 m, @( S■ condominium units; and
% R. c# B4 l5 M! r0 g4 m" V d■ apartments in duplexes, triplexes, fourplexes, or
B3 N; G! p: n1 C/ bapartment buildings.
$ M$ m# m8 M- U: ?Note& T( T; l. _& Z/ L. s8 v. V2 G
A share in a co-operative housing corporation that% ?5 N8 F2 L1 I$ j, I
entitles you to own and gives you an equity interest in a
3 m) p2 `3 U$ t1 [5 n, ghousing unit located in Canada also qualifies. However,
$ B) ~' j5 t0 }1 s+ w Ga share that only gives you the right to tenancy in the$ ]( |0 G. i& W9 R
housing unit does not qualify.
6 {# M% r9 O8 W& xYou must intend to occupy the home or you must intend% ?) f" U2 ]& y6 K7 K3 G8 Q
that the related person with a disability occupy the home as1 y0 U, r! i1 i. v7 o5 I: s7 g
a principal place of residence no later than one year after it& ]9 s& N0 C# J
is acquired.
5 A8 T. s" {4 X( nThe claim can be split between you and your spouse or
; l L5 o9 S3 i7 Qcommon-law partner, but the combined total cannot exceed
/ B9 b: J; {) n$5,000.. V. K1 a; Y4 E0 @# N
When more than one individual is entitled to the amount* p2 p( X$ O: L6 Y! ?3 n% a& T
(for example, when two people jointly buy a home), the" |, D s/ K( N+ T
total of all amounts claimed cannot exceed $5,000.: n/ Z2 J& o9 S
Supporting documents – If you are filing electronically, or
7 O* y6 ]) q7 [: R4 Q8 G) ~: kfiling a paper return, do not send any documents. Keep all" n) O* _6 Y5 a! Z9 x$ ^
your documents in case we ask to see them at a later date. |
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