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Please see the below detail:
9 t0 R0 D9 |3 Y' X$ F5 m* `Line 369 – Home buyers’ amount
' w' g$ r7 l" t% m( C+ j( ]You can claim an amount of $5,000 for the purchase of a" U# s% q# ?2 n/ C% u
qualifying home made in 2010, if both of the following8 i$ i' [- D' A! r
apply:# ]7 N$ j7 w/ X5 C
■ you or your spouse or common-law partner acquired a0 Z" R5 ^; r" u/ `
qualifying home; and
9 x+ V# B, A! l■ you did not live in another home owned by you or your' R( T+ |6 S% X# P
spouse or common-law partner in the year of acquisition
- }% j4 ~: t/ E. D& yor in any of the four preceding years (first-time5 U2 C" o+ B& w! _" C2 S: B
home buyer).; G2 j$ O- K2 g- m/ { O1 x8 C( \+ V
Note. p# B1 E. G4 k0 \
You do not have to be a first-time home buyer if you are; w# L" G4 b, D$ N/ V
eligible for the disability amount or if you acquired the0 t! e: Z7 k4 g5 q0 ~) T' q$ n
home for the benefit of a related person who is eligible
& S! B3 P8 X; v. Efor the disability amount. However, the purchase must
3 C- `( a, v( \6 P- mbe made to allow the person eligible for the disability
, R" M" y; r2 N* g) v7 `* |amount to live in a home that is more accessible or better" y* `$ t# r+ H. c" O/ C e1 q1 |9 M! @
suited to the needs of that person. For the purposes of
- {5 @: ?/ i7 ^; u2 j( s( n- uthe home buyers’ amount, a person with a disability is" @- o6 V7 ^7 c# t9 a. j1 Z
an individual who is eligible to claim a disability amount* Q7 H7 d* s d) ~! O4 ?: i# i" o
for the year in which the home is acquired, or would be1 y; G8 f+ ]# `; h
eligible to claim a disability amount, if we do not take
5 i: {* ] ?' l0 T% D. finto account that costs for attendant care or care in a
2 M& d5 W2 [$ X8 q% Bnursing home were claimed as medical expenses on lines
: m- A( {2 b* Z330 or 331.
' U. A1 p4 }- j; U1 r! OA qualifying home must be registered in your and/or your( F' K8 E, s' X5 d8 U
spouse’s or common-law partner’s name in accordance
& g+ Z! R( _$ t* {6 D$ ?+ T# Wwith the applicable land registration system, and must be* F h2 F8 O( ~6 j. ^- W! x% f
located in Canada. It includes existing homes and homes4 V1 C7 O! O6 L
under construction. The following are considered
. P$ v* P2 ` B, {" P8 _qualifying homes:
) F" j" ~* Y5 T■ single-family houses;
3 ]5 O5 M% w+ I( e( ]1 @7 j$ y. k■ semi-detached houses;
7 i* |- X1 Y* t/ I( c■ townhouses;
5 c0 t& p1 N( f5 F9 j■ mobile homes;
0 Y( g% o+ b" I■ condominium units; and
: g2 Q% G, n: B3 l■ apartments in duplexes, triplexes, fourplexes, or
! l! f. j8 f. y; wapartment buildings.
1 X( l8 `$ i$ o% s; d' ~Note. d0 q$ O7 N+ g6 B+ _3 L: S
A share in a co-operative housing corporation that, @5 E/ j9 n; J' j3 B
entitles you to own and gives you an equity interest in a
% W s* u) x" b& \housing unit located in Canada also qualifies. However,
% f6 @# I0 Q# Z: za share that only gives you the right to tenancy in the# A7 l9 Z0 D+ V, X! t2 I
housing unit does not qualify.6 b3 m, J% H* h3 Z6 ~0 ~
You must intend to occupy the home or you must intend/ V7 P5 Z$ H! _2 y' y4 e3 m3 K
that the related person with a disability occupy the home as6 @+ v+ r+ C% R; d
a principal place of residence no later than one year after it
: j4 w0 s' `% z. ^- Gis acquired.
7 @: Y8 N. K$ \+ w2 _9 @* U8 eThe claim can be split between you and your spouse or
( T3 B! E/ s8 |# h7 E) ^common-law partner, but the combined total cannot exceed
) l; Y9 e4 u& g5 E* ]( K$5,000.
! e c7 g5 x, GWhen more than one individual is entitled to the amount6 j/ H3 k- _" R& J
(for example, when two people jointly buy a home), the) X5 T9 ?! U! C+ j' {
total of all amounts claimed cannot exceed $5,000.
; O% X8 C, M1 |% pSupporting documents – If you are filing electronically, or
/ D6 \3 m6 x; X$ cfiling a paper return, do not send any documents. Keep all
8 T/ s, ^+ r& h. Z# c: Dyour documents in case we ask to see them at a later date. |
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