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Please see the below detail:
8 M- w; F2 R7 w! Q' {* rLine 369 – Home buyers’ amount
+ `7 l# Y p' y& Y3 \" JYou can claim an amount of $5,000 for the purchase of a9 k3 g$ U( ]6 v4 Z
qualifying home made in 2010, if both of the following
& D+ }8 |9 B7 b" t* E& Lapply:
4 |4 v6 V4 ]' T4 d! ]; Y% B■ you or your spouse or common-law partner acquired a
- D; R& i) @' R% v! qqualifying home; and+ W. {5 R$ [ T" f. }
■ you did not live in another home owned by you or your
" r N5 h. N# {: d; Espouse or common-law partner in the year of acquisition/ v" b6 z- z, d5 a) c0 a
or in any of the four preceding years (first-time
$ a5 C- S! T+ W, d- bhome buyer).: p( P2 ~$ @1 _0 T R' T
Note
0 b2 _- b4 S. [( zYou do not have to be a first-time home buyer if you are
- ^' Q: G- o! H: |3 l7 Ueligible for the disability amount or if you acquired the
6 b5 Y6 V* @' T1 R- phome for the benefit of a related person who is eligible8 P/ M/ {) y: z% h% j+ k: \
for the disability amount. However, the purchase must* p' M$ i: l5 z
be made to allow the person eligible for the disability) c+ r2 X! q* s N8 g% T. h
amount to live in a home that is more accessible or better" q. c: U+ I0 `$ u, O: E
suited to the needs of that person. For the purposes of/ }4 {6 e& b0 y @. ~
the home buyers’ amount, a person with a disability is
" Z* t! R! `2 b9 H' ?an individual who is eligible to claim a disability amount
$ V- |; l u$ \) e) j& s( ^for the year in which the home is acquired, or would be
: l+ p. c) n/ p% ^$ @0 W2 d- B* ^eligible to claim a disability amount, if we do not take
% A7 H, J: V2 w9 Finto account that costs for attendant care or care in a$ h$ h' J8 k7 i
nursing home were claimed as medical expenses on lines
" {4 N( ]: G Z330 or 331.7 K6 f& x, e' `
A qualifying home must be registered in your and/or your, S2 I5 O3 ]$ w; E& O3 k
spouse’s or common-law partner’s name in accordance9 ]6 ?; R# Z1 T: F8 f+ l
with the applicable land registration system, and must be; \$ I% I# N/ G( \* F! X
located in Canada. It includes existing homes and homes7 M1 ~7 K |/ V0 m
under construction. The following are considered9 T0 M0 H' h L8 D
qualifying homes:
1 {: b( V3 C! k■ single-family houses;: Z% S% _6 A" E/ [
■ semi-detached houses;2 R4 Y3 d/ c) c y$ F
■ townhouses;
- K6 }$ I. K. C3 _; b) l; G" M- V■ mobile homes;
" b+ Z4 g. S) J* {6 N6 H; R■ condominium units; and+ E, v6 M2 n( t9 p- p) z
■ apartments in duplexes, triplexes, fourplexes, or* P0 a! L" @' b- G
apartment buildings.
( x& b$ W9 H' T5 jNote7 U- y# K8 V- A9 b7 E. ]
A share in a co-operative housing corporation that7 n2 V0 x% h/ C/ K
entitles you to own and gives you an equity interest in a
2 `* A1 W' a) [; y9 y7 Bhousing unit located in Canada also qualifies. However,7 C7 s! f5 W: F) z4 m
a share that only gives you the right to tenancy in the: `! L3 o7 X0 q; _0 d* }2 O
housing unit does not qualify.
8 ?) H3 p' E1 Z, H9 p& wYou must intend to occupy the home or you must intend
& e$ G& [& O5 {) f6 w% b7 xthat the related person with a disability occupy the home as
, Y& s% F+ \& K/ q! |5 W* f8 y6 B9 Q1 Va principal place of residence no later than one year after it" S6 n7 x1 Q* p4 [9 F# N7 T
is acquired.5 A- m! d+ c( P9 y; ?( r! {
The claim can be split between you and your spouse or
8 y, P- `+ Y% A i+ [common-law partner, but the combined total cannot exceed% _! i3 T! o, f- K9 j
$5,000.1 z P( [; ?# _
When more than one individual is entitled to the amount
* y. x3 [( \* e7 t. T(for example, when two people jointly buy a home), the
! @. D. K7 N* c: U* F2 utotal of all amounts claimed cannot exceed $5,000.
$ u; c! p# g* ]Supporting documents – If you are filing electronically, or$ K, Y/ j" ]& \5 R1 }
filing a paper return, do not send any documents. Keep all& Q3 w% k8 g6 S3 b3 W
your documents in case we ask to see them at a later date. |
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